Across generations, consumers are loath to trade down to restaurants with lower-quality food, even as prices rise, but PYMNTS research finds that Gen Z is the most willing to compromise on taste. By the Numbers According to a February survey of more than 1,200 restaurant...
Consumers use more than one-quarter of their daily downtime engaging in less-than-leisurely tasks. In a world where time is money, relaxation takes a backseat to getting things done. As PYMNTS’ “How We Will Pay” report detailed, 27% of consumer time set aside for leisure activities...
Compared to other generations, the share of baby boomers and seniors who use buy now, pay later (BNPL) options barely makes a blip. The same may be said when comparing the age demographic’s light use of BNPL to their heavy use of credit cards, reflected...
Among younger generations, zillennials prove uniquely hesitant to engage with the connected economy when it comes to work. For PYMNTS’ study “The ConnectedEconomy™ Monthly Series: Meet The Zillennials,” we surveyed a census-balanced panel of nearly 4,000 United States consumers to better understand zillennials, the “bridge...
U.S. consumers are slightly less optimistic about the economy this month, following two straight months of growing confidence. The preliminary data and index measuring consumer sentiment released Friday (Aug. 11) by the University of Michigan fell to 71.2 in August from July’s 71.6. “In general, consumers perceived few material...
As ongoing food inflation continues to impact consumers’ behavior, Kellogg is seeing changes not in which brands shoppers are purchasing but in how much they buy. The Kellogg Company, owner of many popular food brands including its self-titled line, Pringles, Cheez-It, and many others, outlined...
The latest data from the U.S. Department of Commerce show that consumer spending helped push gross domestic product (GDP) past expectations. But the growth in disposable income appears to be slowing as those same consumers look to boost their savings and as they grapple with the ever-mounting costs of...
Consumer confidence is high. The payments networks are about to report earnings, and banks have already pointed to some resilience, although spending is slowing. Uneven retail sales data gives some puts and takes as to where that spending is taking place. Now, the resumption of...
Defenders of the ghost kitchen model overwhelmingly tout one key benefit — the speed that these virtual brands can offer. By the Numbers For PYMNTS’ new exclusive study, “Connected Dining: The Robot Will Take Your Order Now,” we surveyed a census-balanced survey of nearly 2,000...