Consumers are increasingly becoming interested in “buy now, pay later” shopping options amid the growing financial challenges of the average American, and a new study by J.D. Power is urging banks to further educate the public on this alternative.
More than three-quarters of consumers expect an important life milestone during the next decade, and for most of those consumers, the financial stress of paying for the event will be greater than the emotional stress tied to the milestone, according to a new survey from Citizens Bank.
Increased financial stress and alternative financing options have contributed to a significant decline in the overall share of customer spending allotted to a primary credit card, according to a recent study from J.D. Power.
Identity theft incidents that targeted older consumers in 2021 nearly doubled year-over-year, according to a new report from Aite-Novarica Group.
