The latest data from the Bureau of Labor Statistics on Consumer Expenditures underscores what PYMNTS Intelligence has found for months: Food and shelter, among the most essential of all spending categories, are taking an outsized chunk of households’ paychecks — especially for lower-income consumers. Get...
For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
September has seen prices rise at the fastest rate in six months, S&P Global said Monday (Sept. 23), attributing it to increasing input cost growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The initial euphoria that greeted the Federal Reserve’s decision this past week to cut interest rates for the first time in four years was keenly felt on Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
JPMorgan Chase CEO Jamie Dimon reportedly said Friday (Sept. 20) that he is skeptical that the U.S. economy will see a soft landing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August — is slowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
There was a slight improvement in consumer sentiment this month, as inflation’s heady pace ticked lower. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
