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Data for today’s episode is provided by Mercator Advisory Group’s report – 2019 U.S. PaymentsInsights – Technology and Fraud: Consumer Concern Is Real.
What 3 financial products are most Americans likely to have?
- Checking Accounts: The older the consumer, the more likely to have a checking account
- 79% of 18-34 year old have a checking account, compared to 96% of 55+ year olds
- Savings Accounts: Here, age matters less. 72% of consumers overall have a savings account
- Credit Card: Like checking accounts, older consumers are more likely to have a credit card than younger
- 65% of consumers aged 18-34 have a credit card, compared to 78% of 55+ year olds
- Mortgages stand out in ownership: while 28% of consumers have a mortgage overall…
- The age breakdown is skewed towards those midde aged: 37% of 35-54 year olds have a mortgage, compared to 21% aged 18-34 & 26% aged 55+
About Report
Mercator Advisory Group’s most recent consumer survey report, Technology and Fraud: Consumer Concern Is Real, from the bi-annual North American PaymentsInsights series, takes an in-depth look at U.S. consumers’ current perspectives on technology and fraud.
This report explores how technology and fraud impact consumers lives and, in particular, the way they shop and pay for things. This includes detail on not only what they do but also how they feel about these two important consumer issues.
