Financially Underserved Market

CFSI’s just released study, “2014 Under-served Market Size: Financial Health Opportunity in Dollars and Cents” provides important insights to leaders in the financial services industry.

Authors Eva Wolkowitz and Theresa Schmall report that financially under served American consumers spent $138 billion in fees and interest revenue in 2014, generated from a volume of $1.6 trillion in financial activity.

Findings indicate a continually growing marketplace that expanded 7.6% during 2014, demonstrating significant market opportunities for financial institutions and investors that aim to develop high-quality, affordable solutions to address the financial health of underserved consumers. The market is projected to grow by 6.8% from 2014 to 2015 reaching total revenue of $147 billion. Download the report today for insights into the trends behind this growth.

The report’s infographic “Consumer Spending & Financial Health” illustrates key takeaways from this new study, as shown below:

CFSI_Draft_V3-01.pngCheck out the infographic today >>

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Source: CFSI