With the U.S. dollar worth only about 88 cents in real terms under inflation pressures of 2022, consumers are clearly fatigued by the affordability battle and not optimistic about regaining buying power in the immediate future, which may have an icy effect on winter holiday...
There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Taking cues from society and social media, young people in China aged 16 to 24 are tucking their money away and going without little luxuries like manicures, high-end makeup and eating out. Get the Full Story Complete the form to unlock this article and enjoy...
This was the week when the Consumer Financial Protection Bureau released its awaited buy now, pay later (BNPL) report — it’s uneasy to say the least — Walmart made a bold move into true retail banking and both consumers and small businesses (SMBs) showed inflation...
While rising food prices have many consumers, by their own reports, eating out less often, data on their spending suggests that when they do dine at a restaurant, they may be going big, springing for higher-end dining experiences. Get the Full Story Complete the form...
Although there are more vehicles available to shoppers on dealers’ lots, the price of new vehicles is still rising, having set another record in August. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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With ongoing food price increases come even more consumers opting out of restaurant purchases in favor of more affordable meal options. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
