LendingTree, Inc. - TREE STOCK NEWS

The recent survey by ValuePenguin reveals that 71% of Americans plan to host or attend barbecues this summer, coinciding with rising COVID-19 vaccinations. Alarmingly, 13% of grill owners have experienced grilling-related accidents, with Gen Z showing the highest risk at 19%. Additionally, 37% of those who grill admit to doing so while intoxicated, increasing the likelihood of injury fourfold. Food safety concerns persist, as one in five Americans believes they’ve suffered food poisoning from barbecues. Most grillers neglect safety measures, with 66% uncertain about insurance coverage for grilling-related incidents.

According to a recent LendingTree survey, approximately 62 million credit cardholders had their credit limits cut or cards closed in early 2021. Nearly one in three cardholders experienced involuntary changes, with Millennials and Gen Z being most affected. While fewer cardholders faced these issues compared to the pandemic's peak, 30% reported limit cuts and 21% account closures. The main reasons included inactivity and credit score drops. To mitigate risks, many consumers have adjusted their spending habits.

LendingTree, Inc. (NASDAQ: TREE) announced its participation in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference from May 24-26, 2021. CFO Trent Ziegler will engage in a fireside chat on May 24 at 4:15 p.m. ET and will conduct one-on-one meetings throughout the event. The fireside chat will be available for live streaming and archived on the company’s investor website. LendingTree connects consumers with various financial services, empowering them to make informed financial decisions through its online marketplace.

May is National Electrical Safety Month, yet a ValuePenguin survey reveals 28% of Americans have faced electrical fires. Surprisingly, 57% admit to leaving heat-producing appliances on when not in use, raising fire risks. Alarmingly, 60% never conduct fire drills, and 1 in 4 lack fire extinguishers. A significant portion—66%—didn't test smoke detectors last month. Renters exhibit less confidence in fire safety, with over half unsure of extinguisher locations. Additionally, 50% of Americans doubt their insurance coverage for fire damages. Awareness and action are essential for safety.

According to a LendingTree survey, nearly 80% of parents have incurred debt to finance their children's competitive activities. The study, which included over 1,000 parents, reveals that 70% of children participate in these activities. The financial burden is significant, with 24% of parents spending over $4,000 annually and 46% expressing stress about these expenses. Many parents view these activities as future investment opportunities, with 87% anticipating returns. Despite financial strains, 65% continued spending during the pandemic, often relying on stimulus payments.

Credit card confidence in the U.S. rose for the second consecutive month in April, reaching its highest point since October, according to a report by LendingTree. 71% of cardholders expressed confidence, marking a 5-percentage-point increase from March and a 7-point gain from April 2020. Women's confidence surged to a record 68%, with 44% of cardholders anticipating paying their monthly statement balance in full for the next six months. Experts suggest that the improving economy will likely sustain this confidence level.

A recent analysis from ValuePenguin.com reveals that low-income homeowners pay an average of $117 more for home insurance than wealthier residents, particularly in large cities across 34 states. The disparity can reach up to 11% of the median income in some areas. Cities like Detroit and Jackson show particularly stark differences, with Detroit’s lowest-income neighborhood facing an annual cost of $1,919 more than the highest earning area. Additionally, Black homeowners in low-income areas face higher total upcharges compared to their wealthier counterparts.

LendingTree released a survey revealing how the pandemic has influenced Americans' wedding attendance. It showed that 1 in 4 Americans attended a wedding in the past year, with many incurring debt averaging over $1,500. While 1 in 5 Americans declined invitations, leading to tension with couples, others compensated by spending more on virtual gifts ($290) compared to in-person gifts ($252). Looking ahead, 43% of consumers expect to spend more on weddings in the next year, indicating a potential increase in wedding-related expenditures.