Call it the trillion-dollar question, focused on the U.S. consumer: How much longer can spending keep outpacing the economic headlines? The latest Federal Reserve consumer credit data offers a partial answer: A bit longer. According to the Fed’s April G.19 report on Friday (June 5th),...
It’s a solemn holiday. But within commerce, Memorial Day weekend has long served as a period when inboxes fill with discount codes, storefront banners multiply and merchants try to turn seasonal urgency into sales. This year, the holiday has arrived, and the sales linger with...
Subprime consumers are navigating the credit markets through a mix of installments, informal borrowing and carefully managed payment behavior that traditional scoring models do not always capture. PYMNTS Intelligence data on the behavioral profiles of subprime consumers argues that the subprime population represents a durable...
Consumers still intend to spend, and new Federal Reserve findings, alongside PYMNTS Intelligence data, show how they expect to make those purchases work. The latest Federal Reserve Bank of New York Household Spending Survey indicates that spending intentions over the next 12 months have held...
Side hustles have moved from optional income enhancers to a routine feature of household financial management, reflecting a labor market where steady pay is no longer assured. That shift is documented in a recent PYMNTS Intelligence collaboration with Ingo Payments and WorkWhile. The report traces...
Consumers are still leaning heavily on credit cards, but the latest Federal Reserve household debt data suggests a growing number may soon be looking for ways to turn revolving balances into more manageable monthly payments. The latest New York Fed Household Debt and Credit Report,...
Americans are again leaning more heavily on credit cards to finance everyday life. The Federal Reserve’s latest G.19 consumer credit report showed consumer credit increased at a seasonally adjusted annual rate of 5.8% in March, a significant acceleration from February’s 2.1% pace. For the first...
Watch more: What’s Next in Payments With Affirm’s Libor Michalek For 60 years, the revolving credit line has been the default way Americans borrow. It wasn’t designed to be the best answer. It won because it was the only practical one. Underwriting was hard, data...
Buying a car in America has gotten harder for a large portion of drivers. That’s according to a report Sunday (April 26) from The Wall Street Journal (WSJ) which says consumers who attempt to trade in old vehicles for new ones are learning their cars...