Most consumers are dealing with some level of debt.
Only 17% of U.S. consumers carry no debt, according to The Credit Accessibility Series: Economic Malaise Exacerbating U.S. Consumer Debt Levels, a PYMNTS Intelligence and Sezzle collaboration.
Among the rest of the population, 50% of consumers have outstanding debt balances of less than $250,000, while 33% have high debt of at least $250,000, the report found.
Consumers are managing this debt in several ways, and financial services providers can give them a hand.
For example, during a panel discussion hosted by PYMNTS Karen Webster and posted in October, PSCU President and CEO Chuck Fagan said he has found that some consumers are familiar with and comfortable with gamification.
So, in a…
Read the full article at: https://www.pymnts.com/debt/2023/financial-services-providers-use-gamification-help-customers-manage-debt/