Posts Tagged ‘consumers’

Banks Rebuilding Positive Image

Posted on October 10, 2017 by Laura Lam

The banking industry’s image with the American public has climbed to its highest point since the 2008 financial meltdown, with 43% now viewing it positively and 30% negatively. But Americans still view banking less positively than they did in the years leading up to the crisis, when it ranked above the average for other industries Gallup measures. The public’s net positive rating of banking — the percentage with a positive view minus the percentage with a negative view of it — slid from +32 in 2007 to -23 in 2009, and bottomed out at -28 in 2010 and 2012. This year’s…

American Households Spend 53% of Its Income On These Expenses

Posted on May 19, 2017 by Laura Lam

If there’s one fairly steady theme over the past couple of decades, it’s that consumers are saving less of their income and their household budgets are being pushed to the limit.  According to the St. Louis Federal Reserve Bank’s February data, the personal saving rating in America was a paltry 5.6%. Comparatively, U.S. workers were socking away more than 12% of their paycheck 50 years ago.  At the same time, a number of household expenses have largely outpaced the inflation rate and wage growth. These include healthcare costs, college expenses, and in recent years housing costs, since home prices have…

American’s Love Affair with Candy

Posted on February 16, 2012 by Saldutti

Even though the economy has been slow the past few years, the National Confectioners Association says Americans spent over $700 million on chocolate this Valentine’s Day ($1.5 billion on total candy purchases).  Candy has become an integral part of our holiday celebrations – Valentine’s Day, Easter, Halloween and Christmas.  There are still places where a trip to the candy store doesn’t mean grabbing a Snickers in Target’s candy aisle or selecting a Twix at the grocery store checkout.  These regional confections are a souvenir worth writing home about.  There is no sweeter way to sample local ingredients than via local…

Save $1,000 By the Holidays

Posted on October 11, 2011 by Saldutti

It’s not too early to get a head start on the holidays — saving for the holidays, that is. By making moves now to cut costs, you can save up to $1,000 or more over the next two months to pay for holiday gifts with cash rather than credit. Kiplinger.com has skipped several of the usual savings recommendations (such as dining out less and cutting out your morning Starbucks stop) and highlighted some cost-cutting moves you might not have considered. The actual savings in the examples below will vary (especially depending on which ones you can implement). Ways to save: Adjust your…

6 Credit Report Items That Scare Lenders

Posted on September 20, 2011 by Saldutti

You pay your bills on time and never miss a payment. If you’re still having trouble with credit, something on your credit report could be scaring lenders.  Everyone knows the big gremlins that haunt credit reports: items such as bankruptcies, foreclosures and even late or missed payments. But less dramatic items can also spark some anxiety in skittish lenders. When you apply for a loan or a card account, lenders review your credit score and pull your credit report. Or they may take that report and pump it through one of their own scoring systems.  If they don’t like what they…

Facts To Consider Before Buying a Home

Posted on May 03, 2011 by Saldutti

Has the U.S. housing market reached a “bottom” yet?  Are home prices going to start recovering?  Is the housing crisis going to end at some point?  Today there are millions of American families that would like to buy homes but are not sure what to do.  After all, nobody wants to end up like the poor souls who bought at the top of the market and now owe far more on their mortgages then their homes are worth.  People are also afraid to take out home loans right now.  So should you buy a home in 2011?  The reality is that there are a…

Plan to Be More Financially Fit in 2011

Posted on January 24, 2011 by Saldutti

A recent TransUnion survey on consumers’ 2011 financial goals found that two out of three consumers said they plan to improve their financial position this year. Effective budgeting, saving more and paying down credit card debt were the top three methods selected to achieve this goal. These results validate what consumers have done in managing credit card debt over the last 12 months. Tracked by TransUnion’s Trend Data, the average credit card borrower debt dropped 11.5% from the 3Q09 to 3Q10 ($5,612 to $4,964). The survey, conducted by Zogby International, also found that a quarter of the respondents had no…

Festive Facts & Figures – Holiday Edition

Posted on December 22, 2010 by Saldutti

Ever wonder how much time we devote to celebrating the winter holidays? According to the latest Consumer Reports Holiday Shopping Poll, the average American expects to spend about 42 hours buying, wrapping, and returning gifts, as well as partying and traveling to visit family and friends.  Here’s a look at how Americans will be spending their time this holiday season: On Gifts • Consumers will spend lots of time gift-shopping, 15 hours on average.  Women plan to spend twice as long as their male counterparts, 20 hours versus 10 hours respectively. • Shoppers expect to wait in store check out…