In today’s consumer-driven society, it is not uncommon for individuals, even those living paycheck to paycheck and struggling to pay bills, to indulge in occasional splurges. These splurges, often involving nonessential items, provide a sense of enjoyment and satisfaction, according to findings detailed in the...
Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration’s efforts to cancel some of that debt. The four stocks most closely linked to student...
When consumers’ budgets are pressured, they may cut back, but restaurants benefit from spenders’ strong desire to find other ways to afford the small luxuries they want. By the Numbers “The Seasonal Financial Distress Deep Dive Edition,” the latest installment of “The Paycheck-to-Paycheck Report,” a...
The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While the approximately 43 million borrowers with student loan debt will face increased obligations and reduced ability to spend on discretionary...
Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their spending and credit. As detailed in “Installment Plans Becoming a Key Part of Shopper’s Toolkit,” a PYMNTS and Splitit collaboration, 60% of...
Across the span of more than two dozen reports since the darkest days of the pandemic more than three years ago — and with eight reports this year alone — the joint efforts between PYMNTS Intelligence and LendingClub reveal a few hard truths about the...
With October just about to dawn, many stores are already prodding consumers to think about the holiday shopping season, where December looms as a make-or-break month. The weeks leading into the end of the year are a marathon — and often a sprint — of...
Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60% of consumers live paycheck to paycheck, with 19% struggling to pay monthly bills. Those living paycheck to paycheck include as...
Credit card companies are seeing losses rise at the fastest rate since the Great Recession. That’s according to a widely shared Goldman Sachs research note published Friday (Sept. 22), which said that losses have been climbing quickly since early 2022, jumping at speeds not seen...
