Klarna has teamed with budgeting app Buddy to help Gen Z consumers track their expenses. The partnership between the two Swedish companies lets Buddy users link their expenditures and income from their bank to the app via Klarna’s open banking app Kosma. It comes at...
Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside savings and manage their debts. Regardless, consumers appear to be settling into the current financial environment by finding ways to...
Consumers whose annual incomes exceed $100,000 are hardly skating through current economic conditions. In fact, data shows that as of December, 16% of high-income consumers have trouble making ends meet, a 45% increase year over year. Inflation has eaten into the budgets of consumers across...
Making financial decisions is part of everyday life, and that means being financially literate is not just a nice to have, but a core life skill for any individual. And it needs to start right from childhood, Will Carmichael, CEO at U.K.-based FinTech firm NatWest...
Consumers’ use of retail promotional financing for in-store purchases of furniture rose in January. The number of applicants for in-store furniture financing programs rose by 8% compared to December and 10% year-over year, Versatile Credit said in a press release. January also saw the approved...
Eighty years ago, psychologist Abraham Maslow described mankind’s “hierarchy of needs.” He’d likely gaze in alarm at the price tag, as calculated by PYMNTS, that’s attached to simply staying alive today. Generally speaking, and through the years, the hierarchy has been depicted as a pyramid,...
The American consumer still has some dry powder left when it comes to credit. But the revolving balances we’re carrying — and which increased into the end of last year — will likely prove tougher for already-strapped households to handle as interest rates rise. The...
As the economy’s digital shift continues, eCommerce growth in Q4 2022 stands above pre-pandemic projections for this period and is on its way to returning to pre-pandemic levels. Consumers’ widespread demand for digital payments has contributed to much of this growth, with the availability of...
Consumers’ “reserves” to tackle life’s emergencies and everyday expenses — their savings — are evaporating. According to Goldman Sachs research, as reported by the Wall Street Journal, U.S. households have spent 35% of the “extra” $2.7 trillion in savings accumulated while the pandemic raged, and by the...