Research Studies

From mobile payments to cryptocurrencies, from wearables to virtual assistants, technology is changing how consumers bank and transact. By identifying how other industries have felt disruption, financial institutions can help understand their own risk.

In this 36-page study, Raddon examines the state of the average American’s personal finances. Many U.S. consumer households are inadequately prepared for unexpected expenses. While demographics like age and income play a role in this lack of readiness, high-income households are often unprepared as well.

Today’s Hispanic/Latino population is the largest minority population in the United States. Hispanic origin individuals account for almost one out of every five individuals in the United States. As the U.S. continues to become more racially and ethnically diverse, financial institutions need to recognize that the Hispanic/Latino population is not homogeneous.

As financial institutions continue in their efforts to attract new clients and keep their current customers, they should be careful not to overlook small businesses. With small business sales, profits, and hiring numbers on the rise, this segment may be in the market for products and services to help them maintain and grow their companies.