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A Decline in Personal Savings

TrustBank

The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. in October. Recall the NINJA loans (No Income, No Job, Apply).

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BizFi Reaches $1.8 Billion Small Business Lending Milestone

Fintech Labs Insights

Courtesy of more than $144 million in originations in the second quarter, small business lending platform Bizfi has just surpassed $1.8 Founded in 2005 and headquartered in New York City, Bizfi demonstrated its technology at FinovateFall 2015. Billion Small Business Lending Milestone appeared first on Finovate.

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The Coming Millennial FinTech Crisis

PYMNTS

Chetty and his team did that by gaining access to the anonymized tax returns of people in their mid-30s over a 40-year period between 1940 and 1980. The National Association of Realtors says that home ownership for those under 35 — first-time homebuyers — is down to 36 percent of that age cohort from a high of 43 percent in 2005.