Would you walk into a bank — or call up the federal government — and borrow $50,000 or more without having some idea of when or how you’ll be expected to pay it back, or what can happen to you if you fall behind? That probably sounds unwise to you, but the results of a new survey show that a large majority of college students who take out loans are jumping into the deep end of the debt pool without any advice or guidance. [More]
Expensive. Harmful. Predatory. Those are just a few of the words that members of faith-based groups used to describe payday and auto-title loans in a recent report that asked congregants in 30 states to detail their experience with the short-term, high-cost loans and similar financial products. [More]
As the economy continues to bounce back from the Great Recession, consumers have adopted a more optimistic outlook when it comes to their finances despite the fact that a third of the country has no savings put away for the future, according to a new survey from the Federal Reserve. [More]
When you visit your doctor for a blood test, get an ultrasound, or have surgery at a medical facility that accepts your insurance, you likely expect that you’ll only be required to go out-of-pocket for the co-pays and deductibles detailed in your health plan. But the results of a new survey show that there’s a decent chance you’ll be hit with a surprise charge or two when those medical bills finally arrive. [More]
Americans’ positive feelings about the economy have officially returned to the level they were at on the eve of the Great Recession, according to a new study from Pew Charitable Trusts. While that might sound comforting, it doesn’t mean consumers are actually feeling secure in their own financial stability.
In case you hadn’t checked the calendar, 2014 is over but there’s still a lot of unfinished business oodles of uncertainty in front of us. So let’s see what images your crystal ball is conjuring. [More]
Millions of Americans dream of the day that they exit the dark, desolate tunnel of debt and can live their lives without owing money to anyone. But sadly, a new report finds that most consumers actually have little hope of ever being debt-free. [More]
Did consumers learn nothing from the Great Recession? Okay, they learned several things, but putting away for a rainy day doesn’t appear to be one of them.
What do clean water, locally sourced labels and certified organic products have in common? Tough one, right? They are all thing consumer are willing to pay more money for in order to feel as if they’ve made a difference in the world. [More]
Several years ago, during the Great Recession, Consumerist asked the question many of us were thinking: If everyone is broke, is there still a class system? The answer was, probably, yes. And today it remains the same, even though many Americans are realizing they no longer hold a spot in the middle class.
Guy received an invitation from Staples to take a survey. Surveys can be tedious and not very fun, but five bucks is five bucks. He followed the link and completed what he calls a “long, redundant, poorly designed survey.” He kept going because there was a check for him at the end. Then he reached the end, and learned that there would be no reward for him. [More]
It didn’t seem like much of a surprise when a survey released earlier this week showed subscription video-on-demand services were on the rise and that premium TV subscriptions had declined. But the results were a surprise, at least to the three largest premium TV networks. [More]
You know when something’s probably bad for you, but you do it anyway? Energy shot and drink consumers certainly fall into that category now, according to one new bit of research, anyway. [More]
Between Spirit Airlines deciding to charge for carry-on bags and Ryanair installing pay toilets on their planes, it hasn’t been a good PR week for air travel. But not all airline surcharges are created equal, so we want to get your feedback on which extras — from food to headphones to legroom — get your blood boiling the most.
We all know that most extended warranties are wastes of money that generally go unused, so why do people buy them? According to a study in the Journal of Consumer Research, guilt-racked and nervous consumers are willing to shell out the extra cash to buy a little peace of mind…
The American Consumer Satisfaction Index released it’s Q2 results today and the news isn’t good for domestic car manufacturers. The folks at the ASCI say that customer satisfaction for the entire industry is at an all time high — but no American car companies are represented in the top four — and the bottom three in the industry are all American brands.