The unique inflationary pressures on household finances have not abated, especially for Americans with credit scores below 700. These consumers are less likely to have access to short-term lending options to help them weather temporary financial storms.
Data from the Center for the New Middle Class finds that
student debt has a lasting impact on financial stability.
For many Americans, the pandemic followed by inflation have been a one-two punch. Just as the country re-opened and it looked as though people could
Both prime and non-prime consumers who are “more secure” are much more likely to feel good about future financial goals, both short-and long-term.
School is out, temperatures are high, and summer is in full swing. The start of summer means more vacations, concerts, trips to the movies, and
Consumer financial health is still recovering from the pandemic, but inflation is now adding renewed strain for non-prime Americans. Summary This report examines the general
It is unclear how much more the new middle class can be squeezed without a significant impact across the economy.
Summary: As 2021 draws to a close, the Center for the New Middle Class is reflecting upon what a unique year it was for non-prime
This study, co-authored by Elevate and SpringFour, found that the pandemic’s impact on American households was uneven, and that those who struggled require support beyond what traditional financial institutions provide.
