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How Federal Debt May Impact Banking

South State Correspondent

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model.

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The Gig Economy Grows Up

PYMNTS

Market forces (and, some would say, unabashed corporate greed) repurposed legions of former full-timers into a virtual army of self-employed free agents. Skip ahead again to 2028, when, by the best estimates, gig workers will make up more than half of the entire U.S. In It for the Money .

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

workforce by 2028, and already 16 million individuals are participating in the gig economy. trillion in earnings in 2018 alone, according to the Tracker, financial service providers have a massive opportunity to help these professionals manage their money. Gig workers are facing significant money management challenges, too.