{"id":4063,"date":"2025-02-22T20:58:00","date_gmt":"2025-02-22T20:58:00","guid":{"rendered":"https:\/\/iacfb.net\/?p=4063"},"modified":"2025-03-08T16:03:59","modified_gmt":"2025-03-08T16:03:59","slug":"is-factoring-as-a-pal-affiliate-the-perfec-side-gig","status":"publish","type":"post","link":"https:\/\/iacfb.net\/index.php\/2025\/02\/22\/is-factoring-as-a-pal-affiliate-the-perfec-side-gig\/","title":{"rendered":"Is Factoring as a PAL Affiliate the Perfect Side Gig?"},"content":{"rendered":"

If you’re having trouble making ends meet<\/span>\u2026 <\/span>you’re not alone.\u00a0 <\/span>In fact,<\/span> the Fed Reserve now says the average American has exhausted their pandemic savings.\u00a0 The savings people accumulated during the pandemic, which at one point topped $2 trillion, are due to run out this quarter, the\u00a0<\/span>Federal Reserve Bank of San Francisco<\/span><\/a>\u00a0said in a study released Wednesday (Aug. 16).<\/span><\/p>\n

As reported in the website\u00a0<\/span>PYMNTS<\/span><\/a>\u00a0in May, 27% of households say they’ve used their savings to cover credit card debt alone, while a record number of 401(k) plan holders dipped into those accounts to cover costs last year. “More recently, savings\u00a0<\/span>don’t even cover credit card debts<\/span><\/strong>\u00a0for many paycheck-to-paycheck consumers, as those with issues paying their bills carry average balances comprising 157% of their available savings,” PYMNTS wrote.<\/span><\/p>\n

It’s a situation that isn’t likely to improve in the coming months. Upwards of\u00a0<\/span>60% of Americans<\/span><\/a>\u00a0now live paycheck to paycheck <\/span>as<\/span> reported in June, a trend that\u00a0<\/span>Amber Carroll<\/span><\/a>, senior vice president of membership and lifecycle strategy at\u00a0<\/span>LendingClub<\/span><\/a>, said will stick around.\u00a0 This harsh economic climate has led to a decline in consumer purchasing power across income brackets, with more households <\/span>opting to spend<\/span> more on essentials than on non-essential goods. Caroll said it’s a choice that does little to improve their savings.<\/span><\/p>\n

Are You Shelling Out an Extra $717 a Month?<\/span><\/strong><\/h2>\n

The average American is now shelling out an\u00a0<\/span>extra $717 a month<\/span><\/strong>\u00a0because of the\u00a0<\/span>hottest inflation in decades<\/span><\/u>, according to a new analysis from the Joint Economic Committee Republicans.\u00a0 The inflationary squeeze stems from the rising cost of <\/span>a number of<\/span> everyday goods, including cars, rent, food, and health care. While the rapid pace of price increases eased slightly in July, the consumer price index <\/span>still<\/span> climbed 8.5% from the previous year.\u00a0 In other word<\/span>s\u2026t<\/span>he damage is done.\u00a0 The Labor Department reported that the price index is hovering near a painful four-decade high.<\/span><\/p>\n

“High inflation of the past 2+ years has done lots of economic damage,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a\u00a0post on X, the platform formerly known as Twitter. Looking at just the last year, Zandi calculates that the typical household spent $202 more this July than they did a year ago to buy the same goods and services. That’s significant, but it’s still below the peak of $536 for this year-over-year metric \u2014 a record hit back in June 2022, when gas prices spiked above $5 a gallon for the first time.<\/span><\/p>\n

Factoring Broker:\u00a0 A Recession-Proof Home Business<\/span><\/strong><\/h2>\n

What we now refer to as “Bidenomics” is fast creating modern versions of “Hoovervilles.”\u00a0 But if there is some good news, <\/span>it’s that<\/span> the business of factoring and alternative commercial finance is not only good, it’s booming.\u00a0 Business owners are just like anyone else.\u00a0 They are out of cash, and banks simply aren’t lending. More and more small to mid-size B2B business owners will <\/span>be seeking out<\/span> non-bank solutions to meet payroll and necessary operational expenses.\u00a0 It has <\/span>been long known<\/span> that the factoring business is recession-proof. For existing industry brokers, now is the time to double your networking and cold-calling efforts and begin building relationships with business owners.\u00a0 Lay that groundwork and let owners know <\/span>that you’re<\/span> available and a ready resource when the “Banks Say No!”<\/span><\/p>\n

For those home business entrepreneurs still seeking a low-cost solution and a way to fight back against the ravages of Bidenomics, there may not be a better business to be in compared to factoring in as an IACFB Sponsored Agent.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you’re having trouble making ends meet\u2026 you’re not alone.\u00a0 In fact, the Fed Reserve now says the average American has exhausted their pandemic savings.\u00a0 The savings people accumulated during the pandemic, which at one point topped $2 trillion, are due to run out this quarter, the\u00a0Federal Reserve Bank of San Francisco\u00a0said in a study […]<\/p>\n","protected":false},"author":1,"featured_media":4066,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/posts\/4063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/comments?post=4063"}],"version-history":[{"count":2,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/posts\/4063\/revisions"}],"predecessor-version":[{"id":4729,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/posts\/4063\/revisions\/4729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/media\/4066"}],"wp:attachment":[{"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/media?parent=4063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/categories?post=4063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iacfb.net\/index.php\/wp-json\/wp\/v2\/tags?post=4063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}