In May 2022, the Federal Reserve released the Economic Well-Being of U.S. Households in 2021, the latest edition of an annual report often used in measuring financial health. Since 2013, these reports have tracked consumers’ stated ability to afford a theoretical $400 emergency expense. While...
Outside of basic purchases like groceries, gas and clothes, Americans earning over $125,000 annually are continuing to reel in credit and debit card spending for the third month in a row, according to a study by the Bank of America Institute. Spending by those in...
Inflation fears are altering consumer behaviors in interesting ways. Affluent consumers visit stores frequently in search of bargains, and millennials are taking refuge from high grocery prices by leveraging restaurant food’s relative affordability. In addition, millions of consumers took to the open road in July...
Field operations specialist Zuper and consumer financing firm Wisetack are linking up based on the premises that consumers will appreciate not having to visit bank offices to borrow money and businesses will benefit from empowering their field agents to arrange financing. Those desires are driven...
When today’s grocery shoppers browse store aisles, they are not looking for premium products or exciting indulgences — the majority are generally just trying to get the food they need and get out. By the Numbers According to data from PYMNTS’ “Consumer Inflation Sentiment” study,...
With the added fees of grocery delivery and the premium products many of the digitally native eGrocers tout, it is no surprise that online grocery tends to be the purview of high-income consumers. By the Numbers PYMNTS’ recent study, “The ConnectedEconomy™ Monthly Report: Paycheck-To-Paycheck Consumers...
Living paycheck to paycheck is the most common financial lifestyle in the United States, with an increasing share of high-income consumers now doing so. About six in 10 consumers lived paycheck to paycheck in June, according to “The New Reality Check,” a PYMNTS and LendingClub...
As food costs rise and the economy heads for a recession, many consumers are becoming anxious about whether they will be able to keep food on the table. By the Numbers According to data from PYMNTS’ recent “Consumer Inflation Sentiment” study, which draws from a...
As inflation cuts into every aspect of affordability, consumers are not just cutting back on nonessentials, they’re also canceling medical appointments due to cost concerns. For The Healthcare Conundrum: The Impact of Unexpected Patient Costs on Care, a PYMNTS and Experian Health collaboration, we surveyed...