A recent survey released by MoneyTransfers.com has revealed that over half of US adults are currently somewhat worried or very worried about losing their job. Just 23% of respondents said they were not worried at all, with the majority of those being aged 65 and over. Jonathan Merry, CEO of MoneyTransfers.com, comments: With rising costs […]
49% of US adults have cut down on social activities to cope with rising costs, while 19% have skipped a meal. Older Americans are least likely to skip meals, with 18-24 year olds nearly 3x more likely to skip a meal than those 65+. Overall, 32% of American adults say they have decreased their spending […]
A recent survey released by MoneyTransfers.com in conjunction with OnePoll has revealed that despite consumer prices increasing 9.1% over the year, shockingly, over a third of American adults surveyed are still planning on spending more on Christmas gifts than they did last year. Jonathan Merry, CEO of MoneyTransfers.com, comments: Despite the cost of living being […]
There are several ways of measuring a country’s prosperity. One way is to look at the distribution of household wealth. The US and China are the two largest economies in the world, accounting for the lion’s share of global household wealth. According to MoneyTransfers.com, the US and China account for half of the world’s total […]
Based on research analysed by MoneyTransfers.com, a quarter of all Americans are planning to pass on Thanksgiving celebrations in 2022 in an attempt to save household finances. This is a rise from last year, when a 2021 survey reported that 90% of Americans planned to celebrate the holiday. The numbers come as the world’s economy […]
Buy now, pay later (BNPL) is an alternative to credit card payments that has recently become popular. This type of payment allows shoppers to make purchases and then pay for them over time, usually in interest-free installments. However, according to an analysis by MoneyTransfers.com, the global interest in this payment method has fallen by 46% […]
MoneyTransfers.com has revealed the extortionate amounts video streaming subscribers could be shelling out every month – with savings up to $800 to be made a year.The global video streaming market is expected to grow to a value of $330.5 billion in 2030, with the quality of video streaming and quantity on offer to viewers only […]
MoneyTransfers.com has analysed data from a Canadian survey and found that almost two thirds of young adults wanted more conversation with their parents about money and finances – whereas 38% of parents thought this was the case. These numbers speak to a gap concerning financial education and where it should be coming from. In times […]
The Brits are experiencing a “debt crisis” in 2022. According to MoneyTransfers.com, over two-thirds of young people have taken debt to keep up with the high cost of living. The average person in debt is 18-34 years old. The most common types of debt taken out are personal and payday loans. This could lead to […]
The UK has experienced a surge in the number of people struggling to pay their energy bills. According to MoneyTransfers.com, 13% of Britons have missed an energy bill payment since the start of 2022. The cost-of-living crisis is continuing to rise, with inflation and interest rates increasing, as well as energy and utility bills, fuel, […]