Economy

Economy
Crimped Consumers Tap Their Inner Pilgrim to Fight Inflation
November 24, 2022

The bird’s likely a bit smaller. The pies, store bought. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Economy
Holiday Spending out of Reach for Millions of Households This Year
November 21, 2022

Visions of sugarplums could be the only thing millions of Americans can count on getting during the 2022 holidays, as new PYMNTS data has uncovered a painful insight into how inflation is eroding personal buying power. Get the Full Story Complete the form to unlock...

Economy
IRS Says US Unemployment Comp Hit $405B During Pandemic
November 20, 2022

Unemployment compensation in the U.S. jumped by 1,794% between 2019 and 2020 as Americans were hit by a wave of layoffs during the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
54% of Rural Residents Hit Harder by Inflation Than Urbanites
November 17, 2022

The affects of inflation may be felt by everyone, but new research shows that the depth of the impact varies widely, particularly for those living in rural areas who are feeling the burden of historic cost-of-living increases far more than their urban counterparts. Get the...

Markets
LatAm’s dLocal Shares Drop 50% After Muddy Waters Questions Disclosures
November 16, 2022

Muddy Waters Capital has unveiled a short of Uruguay-based, U.S.-listed payments company dLocal Ltd. (DLO) in a report that drew a swift response from the firm.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
November 16, 2022

Americans are heading into the holiday shopping season spending more on essentials like food and gas, as well as big-ticket items like cars and discretionary stalwarts such as restaurant meals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Nearly a Quarter of Struggling Households Rely on a Single Income
November 11, 2022

The idea of households having a sole breadwinner seems almost quaint in 2022 given changes to workplace composition and the massive spike in costs over the past five decades. But new research found that this outlier condition is more widespread than many people think, leaving...

Economy
October Inflation Dips to 7.7% Fueling Hopes for ‘Soft Landing’
November 10, 2022

The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker consumer demand saw the key benchmark post its fourth consecutive decline. Get the Full Story Complete the form to unlock...

Economy
Paycheck-to-Paycheck Economy’s Gloom Is Bad News for Retailers
November 09, 2022

The paycheck-to-paycheck economy is bifurcating as inflation rages and consumers fret over an uncertain future, with one group of customers who cannot spend, and another group who won’t spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...