Even as monthly grocery inflation eases, PYMNTS Intelligence reveals, consumers are feeling the weight of the past three years of price increases when they go to the supermarket. By the Numbers A PYMNTS survey of more than 2,100 U.S. consumers finds that consumers estimate that...
The holidays are firmly in sight. LendingClub Senior Vice President of Membership and Lifecycle Strategy Amber Carroll said that as inflation remains entrenched, as we make our lists on who gets presents and what we’ll get them … those lists may be a bit slimmer...
Accounting for nearly 20% of annual retail sales, the holiday season, which spans November and December, is a critical period for both merchants and consumers. For consumers, installment plans, including buy now, pay later (BNPL) options and installment plans offered by credit cards and store-branded...
Autopay is rising among credit card customers, though it could cost them more over time. Consumer use of autopay nearly doubled between 2015 and 2020 and is still climbing, The Wall Street Journal reported Sunday (Oct. 8), citing data from the Consumer Financial Protection Bureau (CFPB) and industry...
In today’s consumer-driven society, it is not uncommon for individuals, even those living paycheck to paycheck and struggling to pay bills, to indulge in occasional splurges. These splurges, often involving nonessential items, provide a sense of enjoyment and satisfaction, according to findings detailed in the...
Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration’s efforts to cancel some of that debt. The four stocks most closely linked to student...
When consumers’ budgets are pressured, they may cut back, but restaurants benefit from spenders’ strong desire to find other ways to afford the small luxuries they want. By the Numbers “The Seasonal Financial Distress Deep Dive Edition,” the latest installment of “The Paycheck-to-Paycheck Report,” a...
The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While the approximately 43 million borrowers with student loan debt will face increased obligations and reduced ability to spend on discretionary...
Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their spending and credit. As detailed in “Installment Plans Becoming a Key Part of Shopper’s Toolkit,” a PYMNTS and Splitit collaboration, 60% of...