New research from Bank of America (BofA) shows consumer spending slowing for all income levels. That data, released by the Bank of America Institute on Friday (May 9), shows that consumer spending on inessentials has been declining since the year began. “The gradual easing in consumer...
Americans have a bleak outlook about their financial futures, new Federal Reserve data shows. The latest edition of the Federal Reserve Bank of New York’s Survey of Consumer Expectations, released Thursday (May 8), showed that households had lowered their expectations for both wage growth and...
Digital activity is becoming nearly ubiquitous across the globe, though the intensity and nature of engagement reveal significant disparities linked to demographics, geography and infrastructure, according to a new report. In the latest edition of “How the World Does Digital,” PYMNTS Intelligence documents the digital...
Inflation is changing the ways in which we eat, whether buying food at the grocery store or dining out. The PYMNTS Intelligence Paycheck-to-Paycheck report titled “Navigating the Shifting Sands of Consumer Spending Amid Rising Prices and New Tariffs” found that, with the responses of 2,280...
Amid persistent financial pressures impacting a majority of U.S. households, the decision to spend on time-saving convenience services is increasingly subject to a stringent financial calculus, according to a new report from PYMNTS. The report, titled “How Do Consumers Weigh Convenience Services Against Financial Pressure?...
When the economy starts to get wobbly, the warning signs typically emerge in closely-watched measures: government indicators of declining economic growth, rising prices and depressed consumer sentiment indexes, falling earnings for retailers as pinched consumers stay away. One canary in the coal mine that’s less...
Shares of Block fell more than 20% Friday (May 2), as slowing growth has prompted management to issue cautious guidance. As PYMNTS noted in its own coverage, there’s a bit of brand repositioning in the works, and a strong embrace of artificial intelligence (AI) to...
For several consumer-facing companies, the best thing that can be said is that households are cautious, or rather outright fearful, with tariffs as the catalyst. Many of these firms have been cautious as well, at least in the Wall Street give-and-take of offering guidance. They’re...
Consumer sentiment continues to be buffeted by tariffs and worries about inflation. Sentiment is souring so much that, as the University of Michigan found in its final reading for April, consumers think prices are going to increase at the fastest pace since 1981. The overall reading...
