The IRS reports it has processed 77.1mm tax returns through Mar. 22 vs. 82mm for the same period last year. The average refund is $2,827 this year vs. $2,860 last year.
Bloomberg reports US bank credit card delinquencies have fallen to 2.47% of all accounts, the lowest level in 18Ys and well below the 15Y average of 3.87%.
An updated report from the Fed indicates the use of mobile banking jumped 33% between 2011 and 2012 and that the most common mobile banking activities were reviewing account balances, monitoring recent transactions or transferring money between accounts. Of note, 21% of mobile banking users have deposited a check with their phone in the 12 months prior to Nov. 2012.
The global chief data and analytics officer of Dun & Bradstreet said in a recent speech that the economy is on solid footing, but that he expects businesses to face 5 more years of slow and inconsistent progress to recover fully from the recession.
The Department of Health and Human Services reports small businesses pay an average of 18% more for employee health insurance than larger ones.
Cisco predicts mobile data traffic will jump 1,700% by 2017.
A study by Pew Research finds 25% of people aged 18 to 34 have moved back home and live with their parents given a still weak economy.
CNNMoney reports 31% of renters expect to buy a home within the next 2Ys vs. 22% in Jan. of 2011.