As inflation continues at rates not seen since the 1980s, consumers are growing increasingly anxious, especially because their perception of inflation is more extreme than what is reported by government sources. For example, consumers perceive gas prices as having increased 43%, while the BLS reports 26%....
The Grinch is surely pleased that 15 million Americans — that’s almost 6% of all U.S. consumers — who bought holiday gifts last year say they’ll buy none this year, but it leaves the other 94%, give or take, to spend in different ways, with many...
For consumers looking to reduce their spending this holiday season as prices continue to rise, dining out is the indulgence that they are most ready to cut back on. By the Numbers Research from PYMNTS’ recent study “New Reality Check: The Paycheck-To-Paycheck Report — The...
With 15 million consumers — close to 6% of the United States population — sitting out holiday gift buying this year, roughly 40% will use financing tools to put gifts under the tree. That’s according to “New Reality Check: The Paycheck-to-Paycheck Report: Holiday Shopping Edition,”...
With the shock waves of inflation continuing to weaken spending power, most United States consumers are toning down their expectations for the 2022 holiday shopping season. One month ahead of the start of the season, 60% of U.S. consumers live paycheck to paycheck, an increase...
Like so many things looked at from a pre- and post-COVID perspective, the traditional methods of measuring credit worthiness — and extending credit — no longer are applicable in today’s omnichannel environment. This, according to Versatile Credit Chief Innovation Officer Bill Kratzer, who told PYMNTS...
Inflation has begun to show signs of slowing month after month but remains at levels not seen since 1981. Half of consumers say inflation has soured their outlook on their economic future, and nearly a third say paying bills is getting more difficult. The impact...
Inflation is at multi-decade highs, forcing us to scrutinize where every dollar is going and how to stretch those dollars as far as possible. In the meantime, we’re fine-tuning the household budgets, sometimes on the fly. Banyan CMO Andrea Gilman and Copper CEO Eddie Behringer...
We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt. It’s a change that also signals that consumers are refocusing on controlling the monthly expenses they can control. The Federal...