AUG 19, 2020
The pandemic has also led many consumers to reassess their personal finances, which has affected nearly every facet of the financial services industry, from mortgage refinancing and credit loans to tax filing and stock market investments. For example, with interest rates at historic lows, more homeowners are looking to refinance their mortgages.
SEP 10, 2020
Some households have had little choice but to take on debt to pay crucial bills, but it’s a last resort. “I think people will exhaust all other avenues before taking on debt, from cutting their budgets to dipping into savings,” said Jodie Huang, consumer insights manager at Mindshare. That’s especially true of millennials. “The Great Recession made millennials fiscally conservative,” he said.