For millions of Americans living paycheck to paycheck, the hardest part of managing money may be reaching the point where there is nothing left to cut. New PYMNTS Intelligence research finds that consumers with no room to reduce essential spending are far more likely to...
New Federal Reserve data shows wealth gains cooling among American families amid a spike in loan delinquencies. Released Friday (Oct, 9) the Fed’s latest Survey of Consumer Finances (SCF) covers the years 2022 to 2025, a period in which the gross domestic product grew at...
Running short of money before the next paycheck can force a consumer into making choices: let the checking account go negative, delay a bill, carry a card balance or seek additional credit. Consumers making those choices are also more likely to encounter future difficulty accessing...
Consumer credit is still growing, but consumers eased off the form of borrowing they can adjust most readily from month to month. Federal Reserve data released Wednesday (Oct. 7) show consumer credit expanded at a seasonally adjusted annual rate of 1.9% in August, less than...
Plaid is adding new capabilities and artificial intelligence (AI) models to its network that powers digital finance, aiming to help financial firms with their decisions across credit, fraud and payments, the company said in a Tuesday (Oct. 6) press release emailed to PYMNTS. A new...
Consumers may still feel secure about their jobs, but a thinner savings cushion is changing the financial environment in which they manage their money. This finding comes from the September 2026 edition of the PYMNTS Consumer Expectations Index, “Consumers Hold the Line as Their Financial...
The Treasury Department and the Education Department have launched a new online portal designed for Americans who have defaulted federal student loans, they said in a Wednesday (Sept. 30) press release. The new Defaulted Loans Support Center is designed to help these borrowers understand their...
Walmart-backed consumer FinTech OnePay is now offering banking for families and teenagers. The company’s new banking program for children ages 13 to 17 features savings, checking, investing and credit builder services, according to a Monday (Sept. 21) news release. It’s part of OnePay’s vision for children to...
Credit card issuers can lose a customer’s spending without losing the customer. Among consumers who changed their primary credit card in the past two years, 58% made a card they already held their new primary card. Just 42% obtained a new card for that purpose,...