Tue, 30 March 2021 | payments fintech
PayPal Holdings, Inc. announced the launch of Checkout with Crypto, a new feature which significantly expands the utility of cryptocurrency. Available at millions of global online businesses and continuing to expand over the coming months, PayPal customers with cryptocurrency holdings in the U.S. will be able to choose to check out with crypto seamlessly within PayPal at checkout.
Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can check out safely and easily, converting cryptocurrency holdings to fiat currency1 ... Read More
Mon, 29 March 2021 | housing
More than three million renters said they were at risk of losing their homes with the federal eviction moratorium that set to expire on Wednesday, but a new Zillow analysis shows the number of households ultimately evicted could be as low as 130,000, depending on government action, the pace of economic recovery, and how landlords respond.
That range highlights the need for federal intervention -- both continuing the moratorium, which happened this morning, and additional assistance that will help not only struggling renters but also their landlords, such as the $45 billion in... Read More
Fri, 26 March 2021 | consumers economy
The COVID-19 pandemic is still impacting the United States' economy. Even though the Internal Revenue Service delayed the tax filing deadline, many may still file early -- if they haven't already. Some taxpayers may be relying on their refunds for financial certainty after an uncertain year. A new survey from MyBankTracker.com asked more than 3,500 Americans how they plan to use their tax refund.
Fri, 26 March 2021 | economy
Personal income dropped and disposable personal income fell in February after double digit gains the previous month. Real DPI decreased 8.2 percent in February and Real PCE decreased 1.2 percent; goods decreased 3.3 percent and services decreased 0.1 percent (tables 5 and 7). The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent (table 9).
COVID-19 Impact on February 2021 Personal Income and Outlays
The estimate for February personal income and outlays was impacted by the continued government response to COVID-... Read More
Thu, 25 March 2021 | housing interest rates
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.17 percent.
“During the course of the pandemic, ‘home’ has become more important than ever. As a result, strong purchase demand continues—but buyers also outnumber the sellers,” said Sam Khater, Freddie Mac’s Chief Economist. “Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power. Un... Read More
Thu, 25 March 2021 | millennials housing
Homeownership is very much a part of the American Dream, even for millennials, long considered "the rent generation," a new realtor.com® survey finds. However, rising prices and a shortage of available homes for sale is making it more difficult for people to achieve their goal.
The realtor.com® HarrisX survey of more than 800 prospective homebuyers who plan to purchase their first home in 2021 sheds light on the aspirations and challenges facing those who are embarking on one of life's biggest financial decisions.
"Americans, even millennials who many thought would n... Read More
News and insights about consumer and demographic financial trends
The Hidden Cost of Idle Cash: What the Vanguard Survey Reveals About America’s Savings Habits
Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty
US Taxpayers Say Tax Refunds are a Financial Necessity
Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations
Economic Uncertainty and Inflation Impact Retirement Prospects for Americans
AARP Survey Reveals Alarming Retirement Savings Trends
Hispanic Consumers More Optimistic About Finances
Homeowners Facing Increasing Insurance Rates
U.S. Foreclosures Increase In First Quarter
Consumers Perceive Less Buying Power Despite Lower Inflation