Consumers don’t think the pressures on the household budgets are going to abate anytime soon. And certainly not in the next year. The University of Michigan’s latest reading of consumer sentiment fell sharply in its preliminary October reading, sliding from September’s 68.1 level to a...
Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and providers. Against that backdrop, many consumers grappling with high debt are more likely to face bankruptcy and be limited to...
Zilch, a U.K.-based ad-subsidized payments network, has launched a new credit product called Zilch Up. Aimed at empowering individuals who are typically excluded from mainstream credit, this offering provides access to millions of people to build their financial profiles safely and responsibly, without incurring any...
Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby a consumer’s bank covers a transaction or withdrawal when there isn’t enough money in an account. In the past year,...
Through the next few months, the purses and wallets will open in anticipation of holiday spending. Beyond the cash flow hangover that might be a result, and as consumers continue to expect inflation to remain a feature of everyday life and perceive credit as tougher...
Even as monthly grocery inflation eases, PYMNTS Intelligence reveals, consumers are feeling the weight of the past three years of price increases when they go to the supermarket. By the Numbers A PYMNTS survey of more than 2,100 U.S. consumers finds that consumers estimate that...
The holidays are firmly in sight. LendingClub Senior Vice President of Membership and Lifecycle Strategy Amber Carroll said that as inflation remains entrenched, as we make our lists on who gets presents and what we’ll get them … those lists may be a bit slimmer...
Accounting for nearly 20% of annual retail sales, the holiday season, which spans November and December, is a critical period for both merchants and consumers. For consumers, installment plans, including buy now, pay later (BNPL) options and installment plans offered by credit cards and store-branded...
Autopay is rising among credit card customers, though it could cost them more over time. Consumer use of autopay nearly doubled between 2015 and 2020 and is still climbing, The Wall Street Journal reported Sunday (Oct. 8), citing data from the Consumer Financial Protection Bureau (CFPB) and industry...
