Credit Karma
Debt is scarier than death, according to 42% of millennial respondents. 59% of millennials feel overwhelmed by the amount of debt they currently have and another 59% feel hopeless when it comes to paying down debt. More than half of millennials feel like the financial system is set up to work against them, along with […]
Nearly half (48%) of respondents with outstanding student loans are currently not making payments — 39% of those say they are using that money to pay for necessities. Of those who have outstanding student loan debt, 58% say their financial stability is dependent on the pausing of payments through the current forbearance program. 63% of […]
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 […]
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 […]
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, […]