For the second consecutive year, we’ve paired extensive secondary research with a nationally representative survey on consumer spending, leveraging the Understanding America Study (UAS) panel administered by the University of Southern California (USC) Dornsife Center for Economic and Social Research (CESR). This provides critical year-over-year trend data on consumer spending on financial services, providing insight into the financial health impact of policy changes and product alternatives.
In the 2022 report, we have also:
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- Expanded our scope to include most nonmortgage credit products, including federal student loans.
- Deepened our analysis of buy here, pay here (BHPH) auto loans.
- Added ATM fees, providing a more complete picture of banking fees.
- Begun exploring emerging markets for buy now, pay later (BNPL) and earned wage access (EWA) products.