Prediction market platform Kalshi’s mobile app was downloaded more times in January than sports-betting apps DraftKings Sportsbook or FanDuel Sportsbook have been downloaded in any month, Apptopia said in a Tuesday (Feb. 3) blog post. The Kalshi app was downloaded more than 3 million times in the United States in January,...
Consumer spending among millennials and Generation Z is not merely holding up. It’s underwriting earnings growth across financial services and retail, while pulling daily financial life deeper into mobile channels. Gen Z is “digital by default,” as PYMNTS CEO Karen Webster wrote in August. This...
Consumer confidence dropped to its lowest point since 2014 in January, with survey respondents expressing concerns about a range of factors that affect the economy, The Conference Board said Tuesday (Jan. 27). “References to prices and inflation, oil and gas prices, and food and grocery...
Consumer spending continues to move fluidly across digital and physical channels, but groceries are emerging as one of the clearest signals of where financial pressure is reshaping consumer behavior. While grocery prices are often used as shorthand for inflation, grocery baskets themselves have not changed...
Gen Xers’ new round of penny-pinching could be bad news for consumer spending and the economy. Comprised of around 65 million individuals now age about 46-61, most in their prime earning years, the generational cohort spends more than any other age group. The typical Gen...
“Wage to Wallet™ Index: The Divided Recovery: Labor Economy Workers Face an Uncertain 2026” is a collaboration between PYMNTS Intelligence, WorkWhile and Ingo Payments. This month’s report examines the financial outlook of the Labor Economy—roughly 60 million U.S. employees who earn about $25 an hour...
Online retail is becoming a pressure valve for stressed U.S. households, and the evidence is showing up in how they pay at checkout. A new PYMNTS Intelligence report, “The New Checkout: Crimped Consumers Lean Into Online Retail and Digital Wallets,” finds that rising financial strain is pushing...
Most Americans probably don’t remember the exact inflation rate last year. But they remember that the footlong they once paid 5 dollars for is now between ten and fourteen bucks. They remember when a fast-food meal cost a lot less than a movie ticket. And...
A growing share of Americans look financially stable on paper yet remain one unexpected bill away from strain, according to PYMNTS Intelligence research that reframed household savings as a fragile, unevenly distributed buffer rather than a reliable safety net. That was the central takeaway from...