Intuit Credit Karma
53% of U.S. respondents say their financial situation has worsened since the pandemic began 38% of respondents say the amount of money they have in savings has decreased since the start of the pandemic Of those who had to dip into savings at some point in 2021, the majority did so to pay for bills […]
80% of respondents say rising inflation has made it more costly for them to buy groceries. Of those who say inflation has made it more costly to buy groceries, almost 30% are no longer able to afford groceries for themselves or their family. 38% of respondents say the rising cost of groceries has led them […]
Nearly a quarter (23%) of Americans who purchased a car in the past six to eight months regret their purchase. Nearly one-third (32%) of respondents without a car say they need a car, but cannot afford one right now. Almost half (45%) of respondents who don’t have a car right now but need one say […]
Debt is scarier than death, according to 42% of millennial respondents. 59% of millennials feel overwhelmed by the amount of debt they currently have and another 59% feel hopeless when it comes to paying down debt. More than half of millennials feel like the financial system is set up to work against them, along with […]
Nearly half (48%) of respondents with outstanding student loans are currently not making payments — 39% of those say they are using that money to pay for necessities. Of those who have outstanding student loan debt, 58% say their financial stability is dependent on the pausing of payments through the current forbearance program. 63% of […]
More than 30% of respondents feel financially unprepared for the upcoming holiday season. 43% feel more financially stressed this holiday season compared to previous seasons, citing inflation as the leading cause of financial stress. Three-fourths of respondents plan to spend the same amount or less this holiday season compared to last Yet, 23% of respondents […]
77% of respondents consider financial care a form of self care and rank financial health as a top priority More than two thirds of respondents say they’ve experienced stress or anxiety relating to their finances Of those who took on debt to fund summer spending, over half were Gen Z or Millennials Self care, a […]
Credit Karma members in the U.S. hold $48.6 billion of medical debt in collections. Since the start of the pandemic, we’ve seen Credit Karma members in the U.S. take on an additional $3.6 billion in medical debt collections. Medical debt makes up about 44% of members’ total collections debt. Medical expenses are a leading cause […]
44% of respondents have used buy now, pay later services to acquire an item they needed. Of those who have used BNPL services, 34% have fallen behind on one or more payments. 72% of those who fell behind on at least one payment said they believe their credit score declined as a result of missing […]
Building on the success/momentum of Credit Karma’s first-of-its-kind enterprise platform, Lightbox, we are pleased to announce our hiring of the team at Bitmatica, who have been already helping us with the backend platform powering Lightbox for nearly 4 years. Lightbox allows lenders to leverage thousands of de-identified data points from Credit Karma members to help […]