To remain serviceable and relevant, most competitive banks offer their customers mobile banking. This allows customers to use their smartphones or tablets to complete financial transactions. Increasing Internet and smartphone users is also crucial to mobile...
Online banking is convenient, but you must know its risks. Read this article to learn about 24 online banking hacking statistics and related...
The construction market in the US—one of the largest in the world—is at a particularly critical juncture, with both major challenges and opportunities. The last decade has been a roller-coaster ride for the construction industry. The following...
Snapping moments in time is a wonderful and amazing gift that modern technology brought to us and that we often take for granted. Nowadays, photos are everywhere, from our walls to our screens. In fact, we can snap a photo and send it across the globe with...
Nowadays, an invisible force is following Americans everywhere, guiding their decisions and impacting their actions. No, we’re not talking about something supernatural here – it’s just their credit score! This magical number has helped develop the...
The Internet has become so ingrained in our everyday lives that most of us can’t even picture a world without it. So, when going over the prices of utilities and planning your household (or business) budget, you must also consider the average cost of...
You may have heard people referring to salaries by a number of figures. This figure of speech (pun intended) has become so commonplace, we don’t really think about it anymore. And we should, since understanding these references could make a difference in...
The rising costs of veterinary care and medicines have made health insurance for pets more critical than ever. That’s why we prepared some essential pet insurance statistics to give you an overview of the industry. Whether you are a pet parent interested in...
While the COVID-19 pandemic negatively impacted a lot of industries, ecommerce is not one of them — the global pandemic gave a boost to a sector that had already started gaining momentum. Online shopping, therefore, has become the preferred method of...
Shopping online has been around for quite a while now — over a quarter of a century, in fact. It, however, received a significant boost during the pandemic and related lockdowns which forced people in front of computer screens. That’s why we...
Regardless of whether you’ve been bitten by the trading bug or are just interested in knowing what people around you are talking about, we have some essential trading statistics to give you a clear overview of the industry. The fascinating world of trading...
Mortgages can be a necessary evil or a blessing, depending on how they are used. While the idea of taking out a mortgage and the consequences involved can be overwhelming, homes, as well as mortgages, can also be viewed as a product like any other. That’s...
Insurance can be an amazing tool to protect your assets and integrity. Unfortunately, given the nature of this type of contract, abuse and fraud are fairly common. That’s why we prepared a list of insurance fraud statistics to show you the dark side of this...
Health insurance is a controversial subject in America. Compared to other developed countries, the States are falling behind on providing affordable healthcare for their citizens, but this is the price to pay for the nation’s otherwise high standard of...
It’s no secret — the average cost of college stateside has skyrocketed in recent years. In the good old days, baby boomers were able to support themselves through higher education with just part-time summer jobs. Nowadays, millennials are struggling...
About 69% of employed and 55% of unemployed Americans have taken a vacation. In 2019, before the COVID-10 pandemic disrupted the world, 52% of Americans were planning to travel during the summer months. To plan holiday spending successfully, it’s...
If you miss several mortgage payments, possession of the mortgaged property goes to the lender. This process, called foreclosure, is among the scariest things that can happen to homeowners. Not everything is terrible, however. The latest foreclosure...
The first coupon in America was issued by Coca-Cola back in 1888. Coupons have since become a popular and widespread marketing strategy, the latest coupon statistics reveal. Consumers love them as they are convenient and save them money. Businesses meanwhile...
With an average annual growth rate of nearly 25%, the financial technology industry is among the fastest-growing worldwide. The latest fintech statistics suggest that the sector should hit a value of almost $310 billion by 2022 if this positive trend...
Our lives become more digitized by the day, with a growing number of activities moving online, and shopping is no different. But how many ecommerce sites are there and how do they stand against the good-old brick and mortar? In this article, we will look over...
Did you know that the average period Americans need to reach a net worth of $1 million is 28 years? That’s one of the many impressive millionaire statistics we will cover below. After all, everyone wants to peek inside the luxurious world of expensive...
In the United States, the total mortgage debt stands at $10.44 trillion in the second quarter of 2021. This debt is repaid via monthly installments that vary depending on various factors. According to one source, the average mortgage payment in the...
Are you planning to tie the knot and would gladly learn and apply methods to create a realistic budget? Undoubtedly, saying ‘I do’ seems much more manageable than projecting the overall wedding budget and sticking to it. While the COVID-19...
Human life is priceless. The goods and services required to sustain it, however, do have a finite price tag. Assessing the average cost of raising a child before making a baby may seem cynical. Still, it’s much better than not doing it and potentially...
Credit makes the world go round by fueling consumption. However, the going can get pretty tough for consumers with low credit scores, affecting their ability to take loans, use credit cards, and more. If you have been in such a situation or are interested to...
Even if you’ve never needed one, you probably have heard of payday loans. These ultra-short-term, high-interest loans are the only source of immediate funds for many cash-strapped Americans. However, as these payday loan statistics show, there’s a lot...
Being aware of utility expenses is essential regardless of whether you want to buy a home or relocate. The average utilities cost is an expense people deal with monthly, even when they don’t own the property. Electricity, water, and internet are among...
Americans are drowning in debt, and the largest share comes from mortgages. The country’s average mortgage debt is over $215,000, and the segment has been on the rise for years now. Yet, not every American owes the same balance when it comes to...
Americans spend over $750 billion on groceries a year. Grocery shopping statistics show that the weekly average spent on groceries is $120, while the average time spent shopping is 41 minutes. Overall, the grocery store industry is an essential part of the US...
Americans’ monthly grocery expenditure varies drastically and depends on factors like age, state, and budgeting. The average food cost per month can be a few hundred dollars for singles and over $1,300 for families. Consumers with a liberal food spending...
Every February 14th, couples around the world celebrate their love and relationship. This day is much more than a simple celebration, as Valentine’s Day sales statistics show. V Day is, in fact, an important date for economies worldwide, generating...
About 85% of Americans celebrate Christmas every year. Marking the date, however, goes beyond coming together and enjoying the company of your friends and family. In fact, the latest Christmas spending statistics show that Americans and Christians worldwide...
With the latest holiday spending statistics revealing only slight drops in sales for the most popular shopping dates, nothing can stop consumers from spending cash on their favorite holidays, not even a global pandemic. These figures show that Americans are...
Millions of people worldwide spend trillions of dollars every Black Friday and Cyber Monday. Each year, Black Friday statistics reveal that the shopping craze during these days isn’t slowing down, even if there is a notable shift online. Consumers...
Banca Monte dei Paschi di Siena is the world’s oldest operating bank, having opened back in 1624. As the banking stats below show, many things have changed in the lucrative banking industry ever since. These days, the sector’s global market...
While still commonly used, cash is slowly giving way to credit cards and other digital payment methods. To keep track of this trend, we made a list of the most essential cash vs credit card spending statistics. Usage of cash in the United States, for example,...
Scoring a good APR is essential, especially if you often make late payments. The average credit card interest rate in the US has been moving between 12% and 17% over the past several years. This average changes every quarter depending on the latest card deals...
Credit cards date back to the 50s when the first-ever Diners Club card hit the market. They have become a vital part of every person’s finances thanks to their convenience and benefits. In the United States alone, there are more than one billion cards in...
The latest financial literacy statistics suggest that people worldwide still need guidance in handling their money. While financial literacy is essential for amassing wealth and avoiding debt, both youth and adults lack this knowledge. What is inflation, how...
Healthcare expenditure is one of the most important policy items for any country’s government, affecting people at a fundamental level. The COVID-19 pandemic has made this an even more pressing subject, with a country’s ability to combat the disease...
Nobody likes to think about car accidents. That, however, doesn’t mean that they don’t happen, and that’s when people realize the importance of having car insurance. Did you know that inexperienced drivers, married couples, and women pay more for...
Setting some money aside for the future is never a bad idea. And yet, the latest savings statistics show that Americans are far from living by that principle. An average US family has a bit over $40,000 in savings, which isn’t nearly enough for retiring by...
PayPal was established back in 1998 by Max Levchin, Peter Thiel, and Luke Nosek under the name Confinity. Two years later, Confinity merged with Elon Musk’s X.com, and, as they say, the rest is history. PayPal statistics show that the service has over 300...
Venmo hit the market in 2009 as a simple peer-to-peer mobile payment service. A few years later, it was bought by Braintree and joined the PayPal family. The latest Venmo statistics reveal that a growing number of millennials are using the app to transfer...
Corporations hold trillions of dollars hidden in tax havens. The most shocking tax evasion statistics show such strategies cost governments worldwide billions of dollars. While plenty of countries struggle with this issue, the United States suffers the most....
Less than 50% of American adults trust the Supplemental Nutrition Assistance Program (SNAP), and many believe most users abuse it. The latest welfare fraud statistics, however, show that the payment accuracy of SNAP is over 92%, while the food stamp...
The health insurance industry remains an essential part of the US economy. It employs millions of workers and helps consumers deal with the soaring healthcare costs in the country. And yet, the latest health insurance statistics show that over 30 million...
Investing in life insurance as early as possible gets you the best price and the highest benefits. The latest life insurance statistics, however, show that most people fail to understand the importance of this coverage. Nearly half of all Americans have no...
Did you know that Americans are one of the most generous nations and that the most significant share of donations comes from individual donors? According to charitable giving statistics, with the rise of online platforms and mobile devices, charitable giving...
Americans used to give more money to their church during the Great Depression than they do now. That said, church giving statistics reveal that the most significant share of all donations in the United States goes to religious organizations, including...
While France has virtually no healthcare-related bankruptcies, about half a million Americans file for bankruptcy every year because of medical bills. These and many more medical bankruptcies statistics reveal the shocking effect of the soaring US healthcare...
The latest Federal Reserve consumer debt statistics show that Americans owe over $4.6 trillion in non-mortgage debts. Student loans, auto loans, payday loans, and credit card balances are among the factors that affect total consumer debt. Over the past...
When you combine a family’s consumer and mortgage debt, you get the total household debt. The latest household debt statistics reveal that American families now owe more than $16 trillion. It also seems that US households are continually amassing balances...
Just like all the other types of debt, credit card debt in the United States has been growing over the past years. Credit card debt statistics show that the total credit card balances in the country have reached $890 billion. Moreover, with a national average...
College debt is one of the most serious financial issues Americans have been struggling with for the past two decades. Student loan debt statistics show that in Q2 2022, Americans owe $1.75 trillion, but it grew to $1.76 trillion in the last quarter of 2022....
How many people are using welfare? How big is the average welfare check? Which state gets the most funds? Read on to learn the answers to these questions and many other must-know welfare statistics and FAQs. About 41.5 million Americans were part of the...
Social security in the US is vital for the country’s working population. That said, few actually know how it functions exactly. That’s why we’ve compiled these handy social security facts and statistics that will help you understand the nuts and bolts...
An American’s 401k plan is a savings fund sponsored by the employer. These funds go to a separate account and can be used for investing and growing your retirement income. Do you wonder what the average 401k balance by age is? How much money do you need...
Accountants and auditors are an essential part of every business. These professionals make sure your numbers add up, perform audits, and run payroll. While the importance of accounting has always been the same, the job itself has changed over the years. So...
The growing debt of the United States has been a matter of discussion for several years. Given the country’s position as the world’s biggest economy, this issue impacts everyone’s lives. These essential statistics on the US national debt by year give a...
Mutual funds are financial vehicles that pool investors’ money and put them in different kinds of securities. The advantages of mutual funds include higher diversification and lower cost of investment, professional management, flexibility, access to global...
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