The Fed’s kept rates steady. The Fed still sees three cuts to interest rates on the table this year. And none of it may be enough to keep the paycheck-to-paycheck consumer — especially lower-income and credit-marginalized households — from continuing to feel the pinch of...
As brands and retailers look for ways to win the spending of their highest-value customers, PYMNTS Intelligence research found that installment plans linked to bank-issued credit cards can go a significant way toward boosting the average ticket of high-income shoppers. By the Numbers The 2023...
Consumers closed 2023 by increasing their spending — nearly 7% more over what they spent the previous year, according to PYMNTS intelligence data — indicating consumer confidence is on the rise. This finding comes from PYMNTS Intelligence’s latest edition of its Consumer Inflation Sentiment Report,...
Consumers are growing more hesitant to spend following a long stretch of looser spending. That’s according to a Saturday (March 16) report by the Financial Times (FT), citing comments from retail and consumer goods executives in the wake of recent retail spending data. That data,...
As PYMNTS reported this week, while most U.S. consumers appear untroubled by the prospect of near-term inflation, their anxiety levels rise at the prospect of long-term inflation. It’s unclear how those forward-looking concerns might impact immediate consumer spending habits, but proactive merchants may want to...
For consumers making purchases via social media platforms, PYMNTS Intelligence research reveals, staying within their comfort zone is a top priority. By the Numbers PYMNTS Intelligence’s study “Tracking the Digital Payments Takeover: Monetizing Social Media,” created in collaboration with Amazon Web Services, drew from a census-balanced...
News this week that inflation inched up slightly in February is bad news for U.S. consumers, but if there’s any consolation, most say they saw it coming. When PYMNTS Intelligence surveyed nearly 4,400 U.S. consumers for “New Reality Check: The Paycheck-to-Paycheck Report: Why One-Third of High Earners...
As ongoing economic challenges have continued to affect consumer behavior, PYMNTS Intelligence finds that deal-seeking behavior has long since become mainstream. By the Numbers PYMNTS Intelligence’s study last year, “Consumer Inflation Sentiment Report: Higher Prices Fuel a Deal-Seeking Competition,” drew from a survey of more...
Consumers are now saving less money for the proverbial rainy day than they were a year ago. The personal savings rate in January was 3.8%, which was higher than December’s 3.7% but still below the 4.8% consumers were socking away last summer. The trend may not ring...