Maybe it’s hard for parents to pick favorites, but for consumers it’s easy. Or at least that has always been the assumption. But today’s consumer is an increasingly empowered and expectant one, whose loyalty is constantly being redefined and evolved based on the experiential features...
Americans are becoming increasingly creative in their efforts to stretch their budget. Many are also responding to inflation by just going without, Bloomberg reported Thursday (July 13). Sean Connolly, CEO of Conagra Brands, said during an earnings call, per the report: “Importantly, where we see it, it...
As consumers look to manage their food spending amid inflation, big earners are, ironically, the most likely of all to skip restaurants. By the Numbers For PYMNTS’ study “Connected Dining: Inflationary Pressure Squeezes Restaurant Tips,” we surveyed more than 2,200 U.S. consumers about how their...
This next installment of PYMNTS’ mini-series on consumer behaviors popularized during the pandemic demonstrates that workers may be in no rush to return to the office. The rate of employees engaging in remote work has continued to rise, with the growing shares illustrated in proprietary...
Marriage rates are on the decline. Spending on weddings? A different story. As the Financial Times noted in a Saturday (July 8) opinion piece, while the popularity of weddings has dropped, the cost of the average wedding has gone up, a trend that could be due...
The paycheck economy faces many challenges. But a deeper dive into the data shows that non-paycheck-to-paycheck consumers — representing about 40% of the population — have bolstered their savings, shifted some spending habits, and padded their savings enough so their “state” is a relatively stable...
Summer is heating up, and consumers across the country are seeking much-needed getaways after battling the year’s inflationary headwinds. The trend is illustrated in PYMNTS’ May “How the World Does Digital” report, which notes the top 10 increases in digital engagement over Q1 2023 from the...
Although the emergency has been officially over since May, these habits persist. Before the pandemic hit and lockdowns swept the globe, certain consumer preferences that are now facets of everyday life seemed improbable, if not impossible, to catch on. However, at least two consumer-facing features...
One data point does not a trend make. And when it comes to consumer sentiment, you’d be remiss in thinking that things are — over the long term (and we’re talking a few years) — on an upswing. The U.S. Conference Board’s Consumer Confidence Index got...