Research

November 24, 2020
How Much Money Members Are Saving Today

More SaverLife members are saving $100 per month Despite how unpredictable 2020 has been, with many folks facing unemployment and caring for family members with little to no financial support, SaverLife members are continuing to save money. Against all odds, they’re making this happen. In October, for example, we’re seeing very similar numbers of people…

November 17, 2020
You may be eligible for a stimulus check

[Updated as of October 2020] If you typically don’t file taxes, you have until November 21st, 2020 to fill out the IRS Non-Filer form in order to be sent your stimulus check. About 12 million Americans are still eligible to receive this $1,200 economic impact payment. For the past month, we’ve been asking SaverLife members…

November 02, 2020
Relying on Credit Cards to Get Through the COVID-19 Pandemic

In 2020, SaverLife members have been withdrawing money from their savings more often than they did in 2019. And compared to last year, people are relying more on credit cards to feed their families. For people living in households earning less than $50,000 a year, credit card balances have increased by 38% from last year.…

October 20, 2020
It’s Becoming More Difficult to Afford Groceries These Days

The COVID-19 pandemic has impacted people in many ways. 77% of people we surveyed said it’s been more difficult to feed their family. Here’s what some of our members have had to say about what it’s like to go grocery shopping and budget during the ...

November 10, 2020
Is Online Shopping the Way to Go This Holiday Season?

With people staying at home more this year, it’s no surprise that spending at Amazon, Target, and Wal-Mart, three of the largest online retailers in the country, has increased. Whether it’s for convenience or safety, it doesn’t look like this trend...