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  • Writer's pictureT4L

Consumers are nickeled and dimed

In 2018, financially underserved consumers in the U.S. spent $189 billion in fees and interest on financial products. Overall, their spending across a mix of financial products continued its historical upward trajectory, with a compound annual growth rate of 3.4% since 2015.  At T4L, we see it as our mission to develop innovative, high-quality products and services to improve the financial health of underserved consumers.

Financially Underserved Market Size Study- 2019, Financial Health Network, Karen Graham and Elaine Golden, 2019

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