The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling...
The burden of student loan debt continues to weigh heavily on millions of Americans, as evidenced by the significant number of borrowers who have not resumed making payments after the pandemic-induced pause. Get the Full Story Complete the form to unlock this article and enjoy...
An increasing number of drivers reportedly owe more on their loans than their cars are worth. 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...
Trial attorney Rogge Dunn has filed two class-action lawsuits against lenders alleging violations of the Texas Deceptive Trade Practices Act, negligent misrepresentation and gross negligence against Texas homeowners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A recent report by PYMNTS Intelligence has shed light on a growing trend among consumers — they are tipping less this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The unemployment rate is at pre-pandemic levels and inflation has dropped from 9.1% in July 2022 to 3.2% in October 2023, according to the Bureau of Labor Statistics. Yet 38% of all consumers say they are worse off than last year, and 62% are very...
Higher rates are proving to be headwind to borrowing, per the Federal Reserve’s latest stats. 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,...
When household finances are tight, consumers use various strategies to manage their budgets and make ends meet. This behavior applies to every spending category, from clothing to travel, but especially to essentials like groceries. After two years of persistent inflation, a more cost-conscious U.S. consumer...
As people build up their savings, they tend to loosen the reins on their spending habits. In fact, it appears that a higher savings balance often acts as a green light for consumers to indulge in purchases that fall into the category of “nice-to-haves” rather...
