Americans Feel the Financial Burden of COVID-19, With 65% Relying on Credit Cards to Make Ends Meet as the Pandemic Continues, According to Marqeta’s 2021 State of Credit Report
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Business Wire
Reported use of Buy Now, Pay Later services rose by 27% year-over-year70% of consumers surveyed who have used a Buy Now, Pay Later solution said they see it as a replacement for their credit card 51% of consumers surveyed by Marqeta were put off by high credit card interest rates OAKLAND, Calif.--(BUSINESS WIRE)--US consumers have turned to credit en masse to help ease the financial burden brought on by the pandemic, according to a new survey by Marqeta (NASDAQ:MQ), the global modern card issuing platform. The company surveyed 1,500 consumers across the United States to learn about their attitudes toward credit products, such as credit cards and Buy Now, Pay Later (BNPL) solutions, and how they’re using them in the aftermath of COVID-19.Marqeta’s new survey shows that credit cards are still king, with 78% of American consumers reporting using credit cards and 70% reporting using them at least once a week. With the pandemic bringing on new financial distress, credit cards were also
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MQ
Earnings
- 2/28/24 - Beat
MQ
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- MQ's page on the SEC website