From retail items to groceries, the inflation monster has consumers looking for any lower-priced port in the storm, and that means finding merchants with pricing to match the purse. This becomes clear in the PYMNTS report “Consumer Inflation Sentiment: The False Appeal of Deal-Chasing Consumers,”...
Even as consumers strain under inflation, they continue to spring for luxuries, to restaurants’ benefit. By the Numbers Consumers without a financial safety net are splurging on things they do not strictly need, according to data from the latest edition of PYMNTS’ New Reality Check...
Consumers are drifting deeper into financial uncertainty while scrambling to cover costs. There seemed to be little cause for concern about consumers’ ability to spend and save after having built up reserves during the pandemic, as Fed-released numbers in October revealed that U.S. households held...
Government data confirms what consumers already know: Market and Main Street stabilization may be further off than previously thought. The Bureau of Economic Analysis (BEA) released its Q1 2023 GDP advance estimate report Thursday (April 27), and the numbers indicate a tumultuous economic landscape may...
Unsurprisingly, restaurant aggregator adoption is smaller among lower-income consumers, but special offers can help shift this. By the Numbers Research from PYMNTS’ new exclusive report “Connected Dining: Third-Party Restaurant Aggregators Keep the Young and Affluent Engaged,” which draws from a March survey of nearly 2,300...
Connect the data dots and a story emerges — where the Fed’s Beige Book hints at what to come. And what’s to come looks to be a slowdown in consumer spending. The central bank’s latest offering covers March, and states that “overall economic activity was...
This installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the travel sector. Getting away from it all has been one of the last discretionary items consumers are forgoing in their ongoing battle to combat inflation. This reluctance highlights the importance of travel...
This next installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the luxury retail sector. One would think that as consumers pull back on pricier purchases such as electronics and other appliances amid bargain-seeking behavior, the luxury retail sector would be feeling the...
Consumers are feeling slightly better about the economy but are uncertain about inflation. Consumer sentiment about the economic environment inched up by about 2% in April, according to preliminary results from the University of Michigan’s monthly Surveys of Consumers, which were released Friday (April 14)....