Consumer Finance

Consumer Finance
Baby Boomers Prefer Credit Card Installment Plans 2:1 Over BNPL
September 05, 2023

There’s a clear preference for credit card installment plan versus buy now, pay later (BNPL) preferences by baby boomers and seniors. Of these surveyed consumers, 20% had used credit card installment plans heavily: five times or more over the three months previous to being surveyed,...

Consumer Finance
5 Things to Know About the US Consumer as Spending Outpaces Income
August 31, 2023

We’re spending money as fast as we can make it — and even faster, it seems. 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...

Consumer Finance
Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
August 30, 2023

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, you agree to receive marketing communications from PYMNTS and...

Consumer Finance
Ongoing Restaurant Inflation Has Even Super Fans Cutting Back
August 23, 2023

As restaurant prices continue to rise, even the most enthusiastic diners are beginning to pull back on eating out and ordering in, PYMNTS research reveals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Consumer Finance
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
August 23, 2023

Consumers making between $50,000 and $100,000 may be caught in a middle-income “crunch” these days as inflation’s growth slows while still trending upwards, and real wages stagnate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Consumer Finance
Buy Now, Pay Smarter: How Digital Solutions Reshape Credit Behavior 
August 19, 2023

Americans credit card payment delinquencies are starting to pile up.   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...

Consumer Finance
Americans’ $2 Trillion in Pandemic Savings Nearly Exhausted
August 17, 2023

American consumers’ savings cushion is no longer that cushiony, according to new Federal Reserve research. 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,...

Consumer Finance
Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
August 15, 2023

Versatile Credit, Nationwide Marketing Group (NMG) and Wells Fargo have partnered to launch The Finance Hub, a consumer financing portal for merchants. 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...

Consumer Finance
The Parent Debt Trap: Parents’ Credit Card Balances 26% Higher Than Average
August 15, 2023

That having children is costly may not be surprising — but the extent to which parents with children depend on credit cards is. Proprietary research prepared for the July “New Reality Check: The Paycheck-to-Paycheck Report,” a PYMNTS collaboration with LendingClub, details which consumers are carrying...