Tagged: financial stress

Financial Stress Is Increasingly Having Negative Impact on US Business Owners

A recent survey by Bluevine, a digital banking platform for small businesses, sheds light on the heavy toll that financial pressures are taking on Us based business owners / entrepreneurs. The study reveals that financial anxiety has evolved from a mere business challenge into a… Read More

AI Financial Advice Sought By Financially Stressed: Report

As the number of financially unhealthy American consumers reaches 69%, consumers have turned to AI as they have begun to change the way they approach not just ancillary spending, but also short-term necessities and long-term investments. This is among the findings from a recent JD… Read More

US Consumers Claim AI Tools are Helping with Saving Money : Research

In an era when financial pressures mount, a striking number of Americans are quietly turning to artificial intelligence for guidance. According to fresh research released by bunq, Europe’s neobanking focused Fintech, more than one in three U.S. adults have already consulted AI when facing a… Read More

US Small Businesses Lack Financial Resources to Afford Promotional Campaigns to Generate Revenue, Report Reveals

Research from global small business platform Xero reveals a significant problem facing small business owners: many acknowledge the potential of targeted promotional strategies, but are being held back from taking part in these initiatives primarily due to lack of adequate financial resources. A Xero research… Read More

Inflation and Cost of Living Crisis in the UK Are Negatively Impacting Student Life : NatWest

For the past ten years, NatWest’s Student Living Index has provided a critical lens into the financial realities faced by UK university students. The latest edition of the index, released this month, paints somewhat of a sobering picture of intensifying economic challenges, with students grappling… Read More

Younger Consumers in Australia Pull Back on Spending – Cost of Living Insights Report

Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation, according to the latest CommBank iQ Cost of Living Insights Report. Those aged 25-29 have reduced “spending… Read More

Financial Stress: Majority of Restaurant Industry Workers Are Somewhat Stressed About their Finances – Survey

Two-thirds (66%) of quick-service and fast-casual restaurant industry employees are at least somewhat stressed about their finances, according to a new independent study conducted by YouGov, commissioned by DailyPay. The research, which surveyed quick service restaurant (QSR) and fast-casual restaurant employees, indicates “that the majority… Read More

Financial Wellness Benefits from DailyPay Are Reportedly Helping Workers Avoid High Fees Associated with Payday Loans

Retail workers are able to avoid “financially crippling” fees associated with payday loans and late penalties, while amassing less credit card debt when they have access to the financial wellness benefit of DailyPay, according to an update shared by the Fintech firm. The research follows… Read More

Financial Stress and Trauma Experienced by Majority of US Adults – Experian Report Claims

A significant 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian. The research sheds light on the prevalence of negative feelings and angst “related to financial matters, with approximately 65%… Read More

Financial Management Survey: Gen Z Hourly Workers Say Stress of Managing Finances Has Negative Impact on Health

Despite inflation cooling, many hourly workers in the Gen Z demographic (18-26 years old) are struggling to manage their finances and pay bills on time — and “they say it’s having a negative effect on their health.” New research commissioned by Funding Our Future and… Read More

Financial Stress Is Negatively Impacting Young Aussies’ Mental, Physical Health: Report

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

FinFit, Salary Finance U.S. Announce Merger, Establishing Workplace Financial Wellness Platform

With nearly 50 percent of U.S. workers reporting financial stress, FinFit and Salary Finance U.S. announce their merger, to better support the financial needs of working Americans. Both companies have been “part of the rapidly growing market of financial wellness employee benefits offered through the… Read More

Over 3 in 5 Working Americans Feel Anxious About Financial Situation, Survey Reveals

Despite signs of slowing inflation, a majority of working Americans (62%) feel anxious about their current financial situation, according to new Harris Poll research commissioned by BPC’s Funding our Future Coalition and DailyPay among “over 1,300 employed Americans.” This anxiety is “heightened among women (69%).”… Read More

Stackin, a Financial Wellbeing App, Reveals its Sign-Ups Increased as Consumers Need Help with Money Management

As searches for financial wellness skyrocket, financial therapist Megan Ford offers advice to consumers on how to look after their mental health – and their money With the news covering inflation, recession and the cost of living crisis more, it’s no wonder Americans are “feeling… Read More

Financial Stress: Majority of Healthcare Workers Find It Stressful to Manage Finances, Survey Reveals

Inflation is taking its toll on America’s healthcare workers, according to an update from DailyPay. A recent Harris Poll, “among over 2,000 U.S. adults of which nearly 200 are healthcare workers, commissioned by IntelyCare and DailyPay reveals that a majority of healthcare workers across the… Read More

DailyPay Survey Reveals Need for Employers to Provide Impactful Financial Benefits to Workers

Inflation and uncertain economic times are “keeping many Gen Zers at home with their families,” according to an update from DailyPay. Around 54% of 18-25-year-olds have “made the choice to live with their parents given the current economic climate,” according to a new study of… Read More

Fintech Firm Wagestream Releases Australian State of Financial Wellbeing Report

Financial wellbeing Fintech Wagestream, with research and analysis from Good Shepherd Australia New Zealand, has launched the inaugural Australian State of Financial Wellbeing Report in a bid “to identify how employers can better alleviate financial stress in the workplace for struggling employees.” The report is… Read More

Indian Fintech Razorpay Extends Support to Employees’ Families with Family Assurance Benefits Policy

Most of us might be spending around half of our lives at our workplaces, the team at Razorpay notes in a recent update. Razorpay points out that it might be better if our workplaces are “not just spaces that enhance professional growth, are fulfilling and… Read More

AI enhanced Financial Health App, Maslife, Secures £845,172 from 90 Investors via Seedrs

Maslife, an AI-enhanced app that assists you with improving your health, relax your mind and take control of your finances, has raised 84% (£845,172) of its £1,000,001 target from 90 investors via Seedrs. With 24 days left in the Maslife crowdfunding campaign, the UK-based company notes… Read More

Earned Wage Access: Netspend Introduces Platform Allowing Workers to Get Paid Before Receiving Paycheck

As part of its increased B2B focus and overall business strategy, Netspend is introducing the Netspend Earned Wage Access platform and mobile app, which will enable companies to provide their workers with on-demand access to accrued wages or earnings that the employees have already earned… Read More

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