Jan 9, 2023 | Financial Literacy, News
Big Banks Predicting Recession This Year More than two-thirds of economists at 23 big financial institutions that do business with the Federal Reserve are predicting that the U.S. will have a recession in 2023, and two others predict a recession in 2024. The...
Jan 4, 2023 | Financial Literacy, News
Survey: Nearly 2 in 3 Americans Do Not Expect Personal Finances to Improve in 2023 A new Bankrate report found that only 34 percent of Americans expect their personal financial state to improve in 2023, leaving nearly two-thirds who do not expect their finances to...
Dec 9, 2022 | Financial Literacy, News
Consumer Demand for Credit Cards On the Rise Recent research from the New York Fed shows that U.S. consumers continually sought out more credit cards this year with a 27.1 percent credit card application rate for October, up from a 26.5 percent rate the year before....
Dec 2, 2022 | Financial Literacy, News
More Than Half of Adults Have Delayed a Major Financial Milestone Due to State of Economy A recent Bankrate.com survey found that 53 percent of American adults have delayed a major financial milestone because of the state of the economy, including milestones like...
Nov 7, 2022 | Financial Literacy, News
U.S. Personal Savings Rates Drop to Lowest Point Since Great Recession The U.S. personal saving rate, or what percentage of a consumer’s disposable income is left over after they pay taxes and spend money, reached its lowest level since the Great Depression when it...
Oct 26, 2022 | Federal Regulation, Financial Literacy, News
CFPB Report Details Impacts of Overdraft Fees on Economically Insecure Older Adults The Consumer Financial Protection Bureau recently released a report highlighting how overdraft fees affect economically insecure older adults. Most financial institutions charge an...
