Aite Group Report Finds PFM Uptake Slim But Tactics Available
A new report from Aite Group says that the growth of personal financial management use among American consumers has not met expectations.
A recent survey by the Boston-based research and advisory firm found that 58% of U.S. consumers have not used online PFM tools and don’t plan to. Another 14% said they plan to. Fifteen percent of those surveyed said they use PFM tools exclusively at their credit union or bank site, while the rest said they use them either at a non-financial institution site or at multiple types of sites.