Even when consumers are ordering restaurant meals for pickup, PYMNTS Intelligence reveals, the majority would rather not be limited to exclusively making purchases via mobile device. By the Numbers The PYMNTS Intelligence study “The Digital Divide: Technology, the Metaverse and the Future of Dining Out”...
Household composition, particularly the ratio between income earners and household members, is a critical factor in assessing a consumer’s financial stability, especially with the escalating costs of essentials like food and housing straining American households. In the Finances Deep Dive Edition of “New Reality Check: The Paycheck-to-Paycheck...
Consumers’ expectations on the economy — and particularly inflation — continue to sour. And they seem to be girding for price pressures to be firmly in place. To that end, the University of Michigan found in its preliminary results for November that overall U.S. consumer sentiment...
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...