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December 20, 2024 |
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It’s been almost a century since Thomas Edison left us, but he left behind an idea that banks ought to be cashing in on. While it can feel like a punch in the gut to watch digital-first fintech upstarts picking off customers, there are ways for traditional banks to retain their customers and create digital user experiences to entice new ones.
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The University of Michigan Consumer Sentiment Index increased 3.4% in December compared to the month prior, landing at 74, according to preliminary results for the month. The December figure was up 6.2% from a year ago. The current conditions component of the index rose 21.6% from the month prior, landing at 77.7, while the consumer expectations index fell 6.9% to 71.6.
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