As Canada continues to battle an ongoing financial crisis, new research from Mintel indicates that some consumers are indeed facing hard times, as more than one third (34 percent) of consumers report that they are underbanked* (28 percent) or unbanked** (6 percent). What’s more,…
As the US economy recovers from the 2008 recession, consumers are becoming more optimistic, driven by younger Americans’ increasing confidence in the economic outlook. New research from Mintel reveals that three in five (59 percent) consumers believe the economy is strengthening, including 75…
While the US economy is bouncing back from the recent recession, it appears Baby Boomers may have incurred lasting consequences: new research from Mintel reveals that 20 percent of Boomers do not have any retirement savings. What’s more, two in five (41…
As the US economy continues to strengthen, consumers have begun to borrow again, but new research from Mintel reveals that 31 percent of Americans are overwhelmed by their debt and feel like they will never be able to repay it all,…
The population of single US adults is increasing, comprising a larger percentage of households than ever before, partially due to a trend in consumers staying single longer. However, new research from Mintel’s Retirement Planning US 2015 report reveals that only half of US…
While many view the Millennial* generation to have a carefree view of both commitments and finances, it seems the impact of the financial downturn on this generation is causing sleepless nights. New research from Mintel reveals that half (51%) of Millennials…
College enrollment is projected to increase almost 9 percent in the United States from 2014-2022, according to a new report from Mintel. The growing student population is more diverse than ever before with attendees no longer solidly 18-24 years…
Almost all Canadians use a bank or a credit union with Canada having one of the highest banking penetrations in the world. According to the recently released Banks and Credit Unions – Canada 2015 report from global market intelligence agency,…
Toronto (December 10, 2014)—With the holiday shopping season in full swing and the spate of data breaches showing no signs of slowing down, it’s safe to assume that payment security is top of mind for many Canadians. Indeed, highlighting the impact it has had,…
As temperatures start to fall and many Brits struggle to cope with the pressure of paying energy bills, new research from Mintel highlights the widespread consumer inertia which exists in the energy industry, and finds just a quarter (25%) of consumers have changed their energy supplier in…
Following July’s budget changes that allow consumers to now save up to £15,000 in tax-free ISAs, the spotlight has recently been focussed on the benefits of saving. However, new research from Mintel reveals that almost half (45%) of Brits have nothing put by for…
Toronto (October 14, 2014)—The value of assets in the retirement market is expected to steadily rise as the population ages over the next five years, with the strongest growth expected in the tax-free savings account (TFSA) product category. The total value of TFSAs in Canada was estimated at around $62…
