Despite not being digital natives, Generation X is leading the way for mobile payments, surpassing the other generations in how often this method is used in grocery and non-grocery purchases. More than 9% of U.S. Gen X members buy grocery items regularly through their mobile device,...
The high and persistent inflation that has shaken the global economy in recent years has also seeped into U.S. households. Despite efforts to manage budgets and maintain an equivalent level of consumption, many consumers across financial lifestyles have been forced to dip into their savings....
Despite a decline in inflation rates, living paycheck to paycheck remains the predominant lifestyle for a significant portion of Americans. This financial tightrope is not limited to those with lower incomes; it extends its grip to high-income earners as well. In fact, among those earning over $100,000, as many...
Installment plans have become a preferred payment method for consumers. PYMNTS Intelligence has found that 60% of shoppers used an installment plan to buy consumer products in the last year. That percentage is even higher among younger shoppers. The popularity of installment plans is largely...
As consumers mind their spending on nonessential goods and services, PYMNTS Intelligence finds that a significant share of the population believes that they spend liberally on streaming subscriptions. By the Numbers For the September installment of the series “New Reality Check: The Paycheck-to-Paycheck Report,” created...
Consumers who indulge in extravagant spending across various product and service categories typically maintain significantly higher savings. This is one of the key findings in “New Reality Check — The Paycheck-to-Paycheck Report: The Nonessential Spend Deep Dive Edition,” in which PYMNTS Intelligence draws on insights...
Albertsons is seeing consumers’ financial pressures, compounded by the reduction of government benefits, take a toll on their grocery budgets. The grocery giant, which has more than 2,200 locations, shared in its earnings results news release Tuesday (Oct. 17) that it is feeling the impact...
As consumers for increasingly frictionless ways to order the foods and beverages they want, PYMNTS Intelligence finds that there is significant demand to integrate AI-assisted in-car ordering into coffee drinkers’ daily routines. By the Numbers According to PYMNTS Intelligence’s report “How Connected Devices Enable Multitasking...
With consumers overwhelmingly noticing the effects of price increases in their day-to-day lives, per PYMNTS Intelligence, restaurants are seeing diners cut back. By the Numbers The recent PYMNTS Intelligence study, “Consumer Inflation Sentiment: Consumers’ Economy Concerns and the Price of High Prices,” which draws from...
