As prognosticators attempt to call the beginning of the next recession, one thing is fairly certain: Affluent and high-net worth families are an intriguing recession bet.
June 13, 2019Globalization is occurring at a rapid pace, requiring increased simplification and control over employer payments and expenses across multiple countries. Among payment providers (networks and card issuers alike), this has undoubtedly caused growing pains, as they struggle to craft solutions sophisticated and robust enough to meet global challenges of many stripes-regulatory and operational hurdles among them. But in plain English, it also means payments expansion-following the arc of global gr...
May 2, 2014In its just-released Buy Now, Pay Later: Point-of-Sale Installment Loans report, we estimate that the BNPL installment lending market in the U.S. grew to $250 billion in 2020
October 5, 2021While consumers historically underserved by mainstream financial services industry are often referred to as unbanked or underbanked, young adults are quickly joining their ranks. In Unbanked and Underbanked Consumers in the U.S., 3rd Edition , Packaged Facts found that the percentage of 18-24s who self-identify as unbanked has grown by almost 25% during 2005-2013. This jump has likely been influenced by recession-driven unemployment and wage trends that have disproportionately affected younger e...
January 23, 2014Myths, half truths, falsehoods. Consumer banking in the modern era is fraught with as many unfortunate misconceptions as it is growth opportunities. In this blog, Packaged Facts sorts fact from fiction and sheds light on how important this segment of the financial services still is to Americans of all ages.
October 19, 2016African American and Hispanic consumers are more likely than average to view debt as a necessary evil
January 11, 2019When it comes to various multicultural consumers, financial parity is still a long way off.
January 25, 2019Prepaid cards are an ideal vehicle to provide Millennials with a low-cost, mobile- and tech-forward payment instrument for everyday use—a strategy not lost on market participants seeking to broaden their user base.
September 30, 2016Let’s start with a statistic that, for traditional banks, looks quite troubling; according to survey analysis conducted for Packaged Facts’ January 2014 Debit Cards in the U.S., 5th Edition , the percentage of 18-24 year olds having a “checking account at a bank, savings and loan, credit union, or brokerage firm” has plummeted by almost 30% during 2010-2013. What’s happening here? Clearly, traditional banks are losing checking account customers. And it’s not just customers larger banks may h...
February 6, 2014The theory that Millennials are abandoning banks may be overblown, depending on how their banking relationships with those banks are being defined.
July 19, 2017