Is Online Shopping the Way to Go This Holiday Season?
With people staying at home more this year, it’s no surprise that spending at Amazon, Target, and Wal-Mart, three of the largest online retailers in the country, has increased. Whether it’s for convenience or safety, it doesn’t look like this trend in shopping online will be stopping anytime soon. And with Black Friday and Cyber…
Read MoreRelying on Credit Cards to Get Through the COVID-19 Pandemic
In 2020, SaverLife members have been withdrawing money from their savings more often than they did in 2019. And compared to last year, people are relying more on credit cards to feed their families. For people living in households earning less than $50,000 a year, credit card balances have increased by 38% from last year.…
Read MoreIt’s Becoming More Difficult to Afford Groceries These Days
The COVID-19 pandemic has impacted people in many ways. 77% of people we surveyed said it’s been more difficult to feed their family. Here’s what some of our members have had to say about what it’s like to go grocery shopping and budget during the ongoing pandemic: “In the beginning of the pandemic, I was…
Read MoreHave You Taken The Census Yet?
[Updated as of September 24th, 2020: The deadline for the census has been extended to October 31st.] The census only comes once every 10 years. Results from this nationwide survey determine funding for community services like schools, health clinics, fire departments, roads, and highways. Don’t miss out on being counted. It can make a difference…
Read MoreWhat Virtual Learning Means for SaverLife Members
As the school year starts, and most major school districts are returning remotely, we wanted to understand how our members would be impacted financially. “[S]ince the virus has started my husband and myself both are essential workers and so us helping her with school work came hard even harder cuz she has learning support classes…
Read MoreBack-to-School Season Looks Different This Year
August is typically when kids get excited about seeing their classmates again and parents can’t wait to have them out of their hair. But this year’s back to school season looks different. This past June, we asked our members if they were planning to send their children back to school this fall. A little over…
Read MoreHave you been furloughed or had your hours reduced?
We’ve been seeing in the news that the national unemployment rate is 13.3%. But it’s clear that some areas of the U.S. are hurting more than others. Many people are also struggling with underemployment and may have had their hours cut, in addition to those who are fully unemployed. We asked about 4,200 people who…
Read MoreStimulus Checks Are Rolling In
Here’s some good news from last week: people are finally receiving their stimulus checks! In mid-April, we asked our members if they expected to receive a check, and we were surprised that an astonishing 27% said no. Fast forward to the end of April, and that number fell by ten percent. We call that progress!…
Read MoreHow COVID-19 is impacting SaverLife members
Spending is down, saving is up As the nation continues to shelter in place, it comes as no surprise that spending on “fun” items and activities has decreased. This includes gym memberships, going to the movies, and eating out. In order to make sure they have enough cash on hand to weather the storm, SaverLife…
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