Jan 13, 2022

Americans dip into savings to cover necessities as pandemic surges on

53% of U.S. respondents say their financial situation has worsened since the pandemic began  38% of respondents say the amount of money they have in savings has decreased since the start of the pandemic  Of those who had to dip into savings at some point in 2021, the majority did so to pay for bills […]

Nov 4, 2021

America has a debt problem — and it may be worse for millennials

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 […]

Oct 25, 2021

Student loan payments resume soon, some Americans are not financially prepared

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 […]

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 […]