Along with home ownership, a longstanding pillar of the American dream is that each generation should outshine the previous one in economic well-being. Young adults in the cohort known as Generation Z, now aged roughly 18 to 28, show signs of building the financial habits...
For millions of consumers in the United States, living paycheck to paycheck isn’t a permanent sentence. The surprising angle of new research is that most consumers in this tight-budget category once enjoyed greater financial stability and that history shapes whether they believe they can escape...
The Bureau of Labor Statistics (BLS) is postponing its annual consumer spending report. The announcement Friday (Sept. 19), presented without explanation, follows President Donald Trump’s recent firing of the bureau’s head. “The 2024 Consumer Expenditures annual data release scheduled on September 23, 2025, will be...
The financial lives of Generation Z are unfolding in a universe that looks increasingly alien to traditional banks. For decades, checking accounts and passbook savings were the entry point for young customers, anchoring relationships that might eventually blossom into mortgages, auto loans and wealth management....
A growing number of consumers in the United States are living paycheck to paycheck, not because they earn too little, but because of how their financial pasts and perceptions of the future shape how they spend and save. The August edition of PYMNTS Intelligence’s New...
Consumer sentiment in the U.S. has taken another sharp downturn, as September’s preliminary data from the University of Michigan signals mounting anxieties over tariffs, inflation and the labor market. This latest drop in optimism—now at its lowest point since May—highlights a growing sense of caution...
It seems logical: The more income you have, the more you can control your financial life by strategically planning spending and saving and avoiding playing catch-up with monthly bills. Only it doesn’t always work that way. Higher earners with more than $100,000 in annual household...
Consumers are girding for higher inflation over the short term and long term, while sentiment is souring on job prospects for the next few months. The August 2025 Survey of Consumer Expectations (SCE) conducted by the New York Fed released Monday (Sept. 8) indicates that...
Spending by America’s Hispanic consumers is reportedly slowing amid tariff and immigration-related concerns. Consumption among these families barely increased during the year through June, Bloomberg News reported Saturday (Sept. 6), citing data from research firm Numerator. Spending among white and Black households was up, though...