Economy

Inflation Forces Consumers to Rethink Smartphone, Subscription, Grocery Purchases
Economy
Inflation Forces Consumers to Rethink Smartphone, Subscription, Grocery Purchases
February 02, 2023

Maybe the customer was right all along in reacting cautiously to the news of easing inflation. 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...

Report: Record Number of Americans Dipping Into 401(k)s
Economy
Report: Record Number of Americans Dipping Into 401(k)s
February 02, 2023

With budgets growing tighter, more Americans are reportedly turning to 401(k)s in emergencies. 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 Today....

Luxury Bakeries Thrive as Consumers Cut Bigger-Ticket Indulgences
Economy
Luxury Bakeries Thrive as Consumers Cut Bigger-Ticket Indulgences
February 01, 2023

As consumers cut major expenses, many continue to spring for small luxuries like baked goods. 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,...

The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
Economy
The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
January 31, 2023

Consumer confidence dipped in January after rising in December, according to The Conference Board. 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...

Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
Economy
Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
January 31, 2023

Inflation and an uptick in new vehicle production have dampened the market for used cars. 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,...

Report: Smartphone and PC Shipments to Fall in 2023
Economy
Report: Smartphone and PC Shipments to Fall in 2023
January 31, 2023

Device shipments will decline this year as cash-strapped consumers postpone smartphone and computer purchases. 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...

BM Technologies Cuts 25% of Workforce Amid ‘New Market Realities’
Economy
BM Technologies Cuts 25% of Workforce Amid ‘New Market Realities’
January 30, 2023

Philadelphia-area digital banking platform BM Technologies (BMTX) is set to cut 25% of its staff. 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 Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
Economy
More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
January 30, 2023

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 Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Lenders Prepare for Defaults as Recession Looms
Economy
Lenders Prepare for Defaults as Recession Looms
January 30, 2023

Banks and lenders are setting aside funds to cover loan losses out of fear of a recession. 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...