While rising food prices have many consumers, by their own reports, eating out less often, data on their spending suggests that when they do dine at a restaurant, they may be going big, springing for higher-end dining experiences. Census Bureau data released Thursday (Sept. 15) reveal...
Although there are more vehicles available to shoppers on dealers’ lots, the price of new vehicles is still rising, having set another record in August. The average price paid for a new vehicle in August was $48,301, breaking July’s previous record of $48,080, according to...
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. According to a Monday (Sept. 12) press release, the Mastercard Economics Institute said the growth in retail...
Most people have tried digital banking, but they may not have realized it. PayPal and Venmo are both already mainstream, and many digital-only banks are ready for consumers to transfer their primary accounts. Many consumers are not yet prepared to cut ties with their traditional...
With ongoing food price increases come even more consumers opting out of restaurant purchases in favor of more affordable meal options. By the Numbers Research from PYMNTS’ study “Consumer Inflation Sentiment: Inflation Slowly Ebbs, but Consumer Outlook Remains Gloomy,” which drew from an August survey...
Consumers have to make tough choices about their spending. Just 4% of consumers say that their wages have kept pace with inflation, so it is safe to say most consumers are feeling the pinch — a reality that might explain their increasingly negative perceptions toward...
With inflation deflating the dollar and prices through the roof, more Americans report they are living paycheck-to-paycheck, though the stats vary month to month. For the latest study in the series “New Reality Check: The Paycheck-To-Paycheck Report: Emergency Spending Edition,” a PYMNTS and LendingClub collaboration,...
As food prices rise, many consumers are looking for more cost-effective alternatives. Yet, shoppers shifting from restaurants to grocery stores are not necessarily looking to replace restaurant meals with ready-to-go options. In fact, many more grocery shoppers buy fresh meat and veggies than packaged or...
As ongoing inflation has many being more cautious about their spending, the share of consumers making grocery purchases each month is on the decline. By the Numbers Research from the August edition of PYMNTS’ Digital Economy Payments study, “Digital Economy Payments: Consumers Buy Into Food...