Economy

Economy
As Real Incomes Fall, Student Loans and Everyday Spend Pressure Paycheck-to-Paycheck Economy
September 14, 2023

Real incomes are falling, and for the paycheck-to-paycheck economy, the struggle to meet monthly obligations will continue to be a challenge at best — and at worst, an impossibility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
QSR Inflation Outpaces Table Service as Consumers Grapple With Price Increases
September 14, 2023

With menu prices continuing to rise, quick-service restaurant (QSR) inflation is outstripping full-service dining by a considerable margin. 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...

Economy
Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
September 14, 2023

Consumers are in the aisles, spending on groceries, the clothes on their backs — and at brick-and-mortar locales, pivoting a bit from online channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Spiking Fuel Prices Pitch Wallets of Consumers and Businesses
September 14, 2023

It’s a season of pain at the pump, no matter what type of fuel you’re pumping. 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...

Economy
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. 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...

Economy
Inflation’s Resurgence Threatens ‘Nonessential’ Spending at Grocers, Retailers
September 13, 2023

Inflation has notched a milestone this summer, reaching its highest level for the year. 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...

Economy
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. 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...

Economy
Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
September 11, 2023

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. 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...

Economy
Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
September 11, 2023

Consumers are less sanguine about their financial situations — especially when it comes to obtaining credit. 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...