All of us want to save money wherever we can. And during the holidays, many people pay extra attention to how much they’re saving, often employing strategies to prevent overspending. But new research from Elevate’s Center for the New Middle Class shows that some of those strategies might not be working out so well for folks.
Elevate reports that last year, nearly 40 percent of consumers said they spent too much money during the holiday season, despite their efforts to save. The firm...
People often say one thing, but do another. And when it comes to money that goes double – as a recent survey reveals.
A Princeton Survey Research Associates study of 1,000 adults across the country showed that while Americans feel good about saving money, they still aren’t really doing it.
Twenty-one percent of employed Americans report that they aren’t saving any of their income at all, while a quarter of respondents said they only save 10% of their paychecks. Still, for the first...
New research suggests that credit card users have become more responsive to their credit card debts. In 2009, Congress passed legislation that made more visible the cost of long-term credit card debt. Credit card companies are now required to show customers the amount of interest they will pay if they make only minimum payments.
Since the CARD Act's passing, the amount of credit card debt held by consumers has dropped considerably. In fact, one 2012 study of middle class credit card users...
As if anyone needed another sign of how badly things are looking for credit cards, it seems that debit card usage has finally overtaken credit card use among American consumers.
Research firm TowerGroup recently released data indicating that debit card use have overtaken credit card use both in terms of the number of transactions made and the total amount in dollars spent for. TowerGroup is a subsidiary of MasterCard worldwide.
According to the data gathered by TowerGroup, debit card...