Oct 14, 2021

Pandemic Stifles Holiday Shopping as Many Americans Report Living Paycheck to Paycheck

More than 30% of respondents feel financially unprepared for the upcoming holiday season. 43% feel more financially stressed this holiday season compared to previous seasons, citing inflation as the leading cause of financial stress.  Three-fourths of respondents plan to spend the same amount or less this holiday season compared to last  Yet, 23% of respondents […]

Sep 29, 2021

Move Over Yoga, Financial Care is the New Self Care

77% of respondents consider financial care a form of self care and rank financial health as a top priority More than two thirds of respondents say they’ve experienced stress or anxiety relating to their finances  Of those who took on debt to fund summer spending, over half were Gen Z or Millennials Self care, a […]

Sep 27, 2021

Medical debt rises throughout the pandemic in the U.S., is it only going to get worse?

Credit Karma members in the U.S. hold $48.6 billion of medical debt in collections. Since the start of the pandemic, we’ve seen Credit Karma members in the U.S. take on an additional $3.6 billion in medical debt collections. Medical debt makes up about 44% of members’ total collections debt. Medical expenses are a leading cause […]

Sep 9, 2021

Buy now pay later surges throughout pandemic, consumers’ credit takes a hit

Buy now, pay later services, were seemingly made popular at the start of the pandemic when spin class fanatics were no longer permitted to pedal alongside one another to well-curated playlists in dim, close-quartered studios. To quell their addiction to in-person fitness classes, consumers flocked to Peloton in droves, using buy now, pay later services […]

Aug 31, 2021

Credit Karma welcomes Team Bitmatica!

Building on the success/momentum of Credit Karma’s first-of-its-kind enterprise platform, Lightbox, we are pleased to announce our hiring of the team at Bitmatica, who have been already helping us with the backend platform powering Lightbox for nearly 4 years. Lightbox allows lenders to leverage thousands of de-identified data points from Credit Karma members to help […]

Aug 12, 2021

Pandemic Spurs ‘Great Resignation’, can Americans afford it?

41% of employed respondents are considering leaving their job within the next six months. More than half of employed respondents who are thinking about leaving their jobs in the next six months are financially prepared to do so — 28% are not. 34% of employed respondents say they’d accept a job that pays less than […]

Jun 15, 2021

Unemployment benefits set to end early in many states, are Americans financially prepared?

Majority of Americans feel financially stable right now, despite COVID Many Americans were able to save during the pandemic, even more plan to save this summer Despite positive savings habits, many Americans look to make up for lost time and “treat themselves” this summer Pandemic-related unemployment benefits will soon end in at least 25 states, […]

Dec 7, 2020

Paving the way for a more equitable financial future for all.

Mission  Credit Karma was founded in 2007 with the mission of championing financial progress for all. To achieve this mission, we must proactively work to deconstruct the inequalities that exist within the financial services industry to pave the way for a better, more equitable financial future for all.   Credit Karma’s Commitment to diversity, equity and […]