Intuit Credit Karma
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 […]
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 […]
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 […]
44% of respondents have used buy now, pay later services to acquire an item they needed. Of those who have used BNPL services, 34% have fallen behind on one or more payments. 72% of those who fell behind on at least one payment said they believe their credit score declined as a result of missing […]
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 […]
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 […]
56% of Gen Z and Millennials report they intentionally seek out financial advice online or through social media More than half (52%) of Gen Z respondents who seek financial advice about personal finance online go to TikTok 51% of Gen Z respondents admit to having taken financial advice from someone they didn’t know online TikTok […]
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, […]
Research shows three quarters of Americans plan to travel in the next 12 months Many Americans say they are more likely to splurge on travel or an experience than before than pandemic Among respondents who plan to travel in the next 12 months, nearly a quarter plan to knowingly take on debt to finance their […]
The below message was originally sent to Credit Karma employees on May 31, 2020. Fellow Karmanauts, Like many of you, I was horrified over the senseless killing of George Floyd, Ahmaud Arbery, Breonna Taylor and the countless others before them. I understand the rage. From the disgusting abuse of human beings, the fear of reprisal […]