Young People Face Growing Financial Anxiety Amid Rising Costs and Social Media Pressure
- 1 month 1 week ago
- Personal Finance
New research from Virgin Money reveals the importance of early financial education and positive money management habits.
Financial Literacy Gap: Half of UK Adults Claim Good Understanding of Jargon, But 71% Don’t Know How a Savings Account Works
- 1 month 1 week ago
- Personal Finance
New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a gap between how much people say they understand about money and the reality. The research reveals 78% of UK adults consider themselves financially literate yet 71% of respondents don’t know how a savings account works.
Over Half of Consumers Find Billing Statement Descriptions Confusing—And It’s Costing UK Merchants Millions in Chargebacks
- 1 month 2 weeks ago
- Personal Finance
Research from Chargebacks911, the global chargeback technology leader, shows that unrecognised transactions are the leading reason for customers to dispute a transaction, causing a significant headache for merchants, draining resources and impacting their bottom line.
Only 20% of Americans Leverage High-Yield Savings Accounts to Save Money, According to New Plinqit Report
- 1 month 2 weeks ago
- Personal Finance
Plinqit, an award-winning provider of high-yield and automated savings software solutions that enable financial institutions to grow deposits, attract new customers and expand their retail footprint, found that a checking account is the most common way Americans save, as 48% say they use this type of account to save money.
Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows
- 1 month 2 weeks ago
- Personal Finance
Rising African countries are among the fastest-growing regions in consumer spending, according to data from the World Data Lab analyzed by EBANX, a global technology company specializing in payment services for rising markets. The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade. Kenya (115%), Morocco (107%), Ghana (106%), and South Africa (42%) are also... more
Fizz Unveils the Next Evolution of Personal Finance for Students
- 1 month 2 weeks ago
- Personal Finance
Fizz today announced the launch of the next evolution of its Money App, specifically designed to empower students in managing their finances and building a strong financial foundation. With the Fizz app, students can check their credit scores, gain personalized spending insights, and take engaging, swipeable financial courses—all for free.
Flexys and Inbest Partner to Help Customers Maximise Their Income
- 1 month 2 weeks ago
- Personal Finance
Flexys, a leading provider of debt management software, has announced a new partnership with income maximisation experts Inbest. The partnership allows users of Flexys’ software to identify and calculate the welfare benefits, social tariffs and grants that customers are entitled to but may not be claiming. This enables lenders to offer tailored support for customers in financial difficulty.
Six in 10 UK Adults Unaware of Open Banking
- 1 month 2 weeks ago
- Personal Finance
Despite Open Banking being revolutionary in the way people interact with and manage their finances, six in 10 (60%) UK adults are unaware of Open Banking and its benefits, according to new research from Bluestone Mortgages.1 This comes at a time when more than a fifth (22%) of consumers say they use three or more individual bank accounts.
Tampa Bay’s Rachaad White Teams Up With Pathward and Big Brothers Big Sisters of Tampa Bay to Kick Off Financial Literacy Program for Youth
- 1 month 2 weeks ago
- Personal Finance
Financial education at an early age can help young people lower debt, increase savings, and increase credit scores as they mature into adulthood, according to the FDIC.
Pension Funds Average Almost 8% Annual Growth, Surpassing Saver Expectations
- 1 month 3 weeks ago
- Personal Finance
Pension funds are delivering better returns than British savers expect, with average annual growth over five years nearing 8% for those 30 years from retirement.
BofA Launches New Solution to Help Parents Raise Financially Savvy Kids
- 1 month 3 weeks ago
- Personal Finance
Bank of America today announced a new solution to help parents support their children as they begin their financial journeys. SafeBalance Banking® for Family Banking is a bank account that offers parents the tools and resources they need to help their children practice healthy financial habits and learn to manage
Savers’ Interests Must Be at the Heart of Pension Market Changes, PensionBee States in DWP Pension Investment Review Response
- 1 month 3 weeks ago
- Personal Finance
PensionBee, a leading, UK-based global online pension provider, has responded to the Department for Work and Pensions' (DWP) Pension Investment Review, emphasising the importance of keep
Brits Struggling to Cope See Their Financial Health Decline Further
- 1 month 4 weeks ago
- Personal Finance
29% of the UK public have reported that their financial health has deteriorated over the past six months, feeling the financial strain as rising bills and costs take a toll on their financial health, according to new research from moneyhub.
Gen Alpha Spending Power Hits £3.3 Billion as Youngest Generation Becomes the New Family ‘Finfluencers’
- 2 months 1 week ago
- Personal Finance
Gen Alpha, the cohort of young people born from 2010 onwards, is emerging as a generation of family ‘finfluencers’.
Customer Loyalty Protects Traditional Banks from Fintechs Gaining Ground, Finds Kearney
- 2 months 1 week ago
- Personal Finance
Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, finding that more than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer. According to Kearney, over half of Europeans (55%) still bank with one institution, with this figure as high as 77% in Austria.
