LendingTree, Inc. - TREE STOCK NEWS

A new report from LendingTree indicates that 48% of credit cardholders prefer using debit cards as their primary payment method. Many credit card users reserve their cards for significant purchases or emergencies to avoid overspending. The survey highlights stress around credit card bills, with 43% of respondents admitting to avoiding their statements, a sentiment especially prevalent among Gen Z (64%) and millennials (60%). The report further reveals that women are 41% more likely than men to carry a balance, while 45% of low-income earners and 22% of those making over $100,000 regularly carry a credit card balance.

On June 14, 2021, a LendingTree report showed that 25% of Americans plan to attend concerts this summer, with 60% of them willing to spend extra to support artists recovering from pandemic losses. The survey indicated that attendance is notably higher among millennials (36%) and Gen Z (32%). Many concertgoers are prepared to incur debt for their experiences, with about half of attendees aged 40 and under considering this option. Additionally, 42% will use credit card rewards to cover costs. These findings reflect a strong desire to return to live events.

LendingTree, Inc. (NASDAQ: TREE) announced its participation in the Evercore ISI Technology, Media, and Telecom Conference scheduled for June 7-9, 2021. CFO Trent Ziegler and President of LendingTree Next J.D. Moriarty will join a fireside chat on June 8 at 8:45 a.m. ET. The session will be webcast live and archived on their investor website. LendingTree, a leader in online financial services, connects consumers with various financial products, including loans and credit services, through its platform.

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.