Intuit Credit Karma
Spending behavior is often driven by emotions, not logic. This was especially true during the pandemic, which surfaced feelings of anxiety, uncertainty and boredom among consumers. Now, with layoffs and concerns of a potential recession, emotions could be running high driving consumers to spend more money to cope with their emotions – and even take […]
One-in-five respondents reported they have outstanding federal student loans 53% of respondents with outstanding federal student loans say their financial stability depends on their loans being forgiven About a quarter (26%) of respondents with outstanding federal student loans say the money they previously paid toward their student loans is now being used for bills and […]
Nearly half of first-generation Americans provide financial support to their parents and/or extended family (47%) 57% of first-generation Americans feel obligated to financially support their family Nearly a quarter of those supporting their families financially say that doing so is holding them back from paying for basic necessities (24%) First-generation Americans, those who are born […]
30% of Americans say they’re reliant on their tax refund to make ends meet in 2023, especially Gen Z and millennials Despite fewer pandemic tax credits, 29% of Americans expect a higher tax refund this year Nearly a quarter of American taxpayers plan to use their tax refund to pay for necessities (24%) It’s the […]
More than two-thirds of Americans’ finances did not improve or stayed the same in 2022 (68%) 76% of Americans made a financial mistake in 2022. The most common mistake? Not saving any money (40%) More than money mistakes, 35% of Americans developed bad financial habit(s) in 2022 Say goodbye to 2022 and all of the […]
31% of parents with children over the age of 18 are currently supporting their children financially 69% of the parents who financially support their adult children say it causes them financial stress Nearly a quarter of parents who financially support their adult children say they provide them with a regular allowance or checks (24%) Gone […]
Roughly half of Gen Z and millennials plan to travel home for the holidays, many on their parents’ dime 41% of Zoomers who are traveling home for the holidays expect their parents or family members to pay for their travel accommodations For those not traveling home for the holidays, a quarter blame rising gas prices […]
More than half (54%) of American renters don’t believe they will ever be able to own a home. 37% of renters are having to sacrifice necessities to pay their rent. 22% of renters say they can no longer afford to pay rent, while 21% say they are dependent on money from family to pay their […]
Nearly half of Americans say holiday sales won’t make a difference this year because of inflation (48%) 45% of Americans worry they’re being taken advantage of when shopping major holiday sales More than half of Americans say they have been tricked into thinking they were getting a deal during holiday sales (51%) Black Friday, arguably […]
43% of Americans who do their holiday shopping online have experienced holiday package theft Of those who have had holiday packages stolen, 35% were unable to get their money back after reporting the item was stolen The financial loss for those who couldn’t get their money back ranged from $100 to $299 for nearly half […]