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Tag: United States
Chase Freedom Lifestyle Index Points to Consumer Confidence
Released each quarter, the Chase Freedom Lifestyle Index is one of many tools available to measure consumer attitudes and behaviors. Unlike opinion polls, the Chase Freedom Lifestyle Index tracks actual spending by Chase cardholders and releases the data in its aggregate form. Given that Chase cardholders represent a broad cross section of Americans, the index can provide a window into consumer trends and reflect overall confidence in the economy.
Credit Card Breach Doesn’t Compel Action
Actually reviewing one’s credit report – an essential step after a data breach – not only occurred less than half the time among survey respondents, younger and older people were least likely to do it. Only one-third of those between the ages of 25 and 34 and just 40 percent of those 65 and older checked their credit report.
American Express -Sponsored Movie Spent Premieres
Life outside the financial mainstream is getting the Hollywood treatment. On June 4th, the American Express-sponsored documentary, Spent: Looking for Change, which profiles the challenges and frustrations of those Americans who lack traditional bank accounts and credit cards, premiered in Los Angeles and online. Executive produced by Davis Guggenheim, who won an Academy Award for… Continue reading American Express -Sponsored Movie Spent Premieres
JPMorgan Launches Financial Solutions Lab
American Express just got a little competition in its efforts to appeal to those living outside the financial mainstream. On May 29th, banking giant JPMorgan Chase & Co. announced that it has committed to invest $30 million to create the Financial Solutions Lab. A collaboration with the Center for Financial Services Innovation, the new Financial… Continue reading JPMorgan Launches Financial Solutions Lab
Accenture survey: Banks Face Big Threat
The Accenture survey, which was based on feedback from around 4,000 retail banking customers in the US and Canada, found that evolving technologies and changing consumer attitudes pose real dilemmas to traditional banks. Accenture found that although almost 40 percent of US customers have been with their current bank for a decade or more, a host of factors shows that now is not the time for banks to assume their customers aren’t looking for better options.