Browsing: ABA Data Bank
Savings is critical to financial wellness, but too many Americans have struggled to save during good times.
Would the following events have a major impact, minor impact, or no impact on your willingness to return to your normal spending prior to COVID-19?
While spending on entertainment and transportation is still well below pre-pandemic levels, spending on apparel and merchandise has largely recovered, and spending at restaurants and hotels has steadily improved.
ABA Data Bank: Two in Three Banks Implemented or Upgraded Tech to Serve Customers’ Needs, Enable Remote Work
The top four technologies that banks implemented or upgraded as a result of the COVID-19 pandemic.
In a recent Gallup poll, 46% rated the banking industry positively and just 21% rated it negatively—the lowest level since 2007.
Despite the unprecedented economic dislocation caused by the COVID-19 pandemic, banks have remained a stable source of employment.
As new data has emerged, it appears that states that were faster to reopen saw increased coronavirus spread with uneven economic benefits.