Economy

Workers’ Earnings Growth Exceeds Inflation for First Time in 2 Years
Economy
Workers’ Earnings Growth Exceeds Inflation for First Time in 2 Years
April 18, 2023

U.S. workers’ median weekly earnings have grown faster than inflation over the last year. 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 newsletter, PYMNTS...

Restaurant Price Anxiety Steers Consumers Toward QSRs
Economy
Restaurant Price Anxiety Steers Consumers Toward QSRs
April 17, 2023

As consumers strain under rising restaurant inflation, many are switching from full-service to fast food. 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 newsletter,...

Restaurant Inflation Finally Outpaces Grocery, Exacerbating Consumers’ Dining Anxieties
Economy
Restaurant Inflation Finally Outpaces Grocery, Exacerbating Consumers’ Dining Anxieties
April 13, 2023

Restaurant inflation is finally higher than grocery, which could worsen eateries’ existing challenges with customers. 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 newsletter,...

Bank of America Sees Slowing Credit and Debit Card Spend
Economy
Bank of America Sees Slowing Credit and Debit Card Spend
April 12, 2023

Household credit and debit card spending increased 0.1% in March compared to a year earlier. 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 newsletter,...

Consumers Scrimp on Restaurant Meals to Stick to Their Budgets
Economy
Consumers Scrimp on Restaurant Meals to Stick to Their Budgets
April 12, 2023

The next installment of PYMNTS’ mini-series focused on consumer spending patterns takes a look at the restaurant sector. 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...

Inflation Slows, but Consumers Still Grapple With High Cost of Everyday Essentials
Economy
Inflation Slows, but Consumers Still Grapple With High Cost of Everyday Essentials
April 12, 2023

The headlines show that inflation may be cooling, but for consumers bearing the brunt of sticker shock, the damage may have already been done. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Gap Between Grocery and Retail Prices Widens As Consumers Expect Price Hikes
Economy
Gap Between Grocery and Retail Prices Widens As Consumers Expect Price Hikes
April 11, 2023

Retail inflation once far outpaced food inflation, but the trend has long since reversed. 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 newsletter, PYMNTS...

IMF Lowers Forecast for Global Economic Growth After Banking Crises
Economy
IMF Lowers Forecast for Global Economic Growth After Banking Crises
April 11, 2023

Lingering effects of the pandemic and new pressures from banking crises are impacting economic growth. 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 newsletter,...

More Restaurant Consumers Now Skip the Tip
Economy
More Restaurant Consumers Now Skip the Tip
April 10, 2023

As economic pressures prompt consumers to rethink their spending, diners are becoming more stingy with tips. 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...