Economy

Economy
Nearly a Quarter of Struggling Households Rely on a Single Income
November 11, 2022

The idea of households having a sole breadwinner seems almost quaint in 2022 given changes to workplace composition and the massive spike in costs over the past five decades. But new research found that this outlier condition is more widespread than many people think, leaving...

Economy
October Inflation Dips to 7.7% Fueling Hopes for ‘Soft Landing’
November 10, 2022

The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker consumer demand saw the key benchmark post its fourth consecutive decline. Get the Full Story Complete the form to unlock...

Economy
Paycheck-to-Paycheck Economy’s Gloom Is Bad News for Retailers
November 09, 2022

The paycheck-to-paycheck economy is bifurcating as inflation rages and consumers fret over an uncertain future, with one group of customers who cannot spend, and another group who won’t spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
New Jobs for Better Wages Not a Panacea for Paycheck-to-Paycheck Households
November 09, 2022

The household economics of 2022 continues to confound, as consumers who are fearful of recession and whose wages are also not keeping pace with inflation have been shown to be equally concerned about finding a new, better-paying job. Get the Full Story Complete the form...

Economy
Retailers’ Seasonal Hiring Hopes Find Relief From Rise in Second Job Seekers
November 07, 2022

With inflation rising, more Americans — including a number of white-collar workers — are seeking second jobs. 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...

Economy
Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
November 03, 2022

Ride-hailing company Lyft is making another cut to its employees by laying off nearly 700 members of its staff, effective Thursday (Nov. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Intuit Pauses Hiring at Credit Karma as Lending Activity Slows
November 01, 2022

Intuit has reportedly paused hiring at its Credit Karma unit, with all new hiring to be paused but with no pay cuts and with employees who leave continuing to be replaced.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Slumping Cedi, Runaway Inflation Worsen Cost-of-Living Crisis for Ghana’s Consumers, SMEs
October 31, 2022

The struggle against price inflation has been felt worldwide, but in Ghana, the problem has been made worse by an ongoing devaluation of the local currency. In fact, the cedi currency has plummeted more than 40% against the dollar this year, while consumer inflation hit...

Economy
New Car Prices Downshift After Summer Record
October 31, 2022

Car buyers could begin to feel less pain when paying for a new vehicle following a years-long spike in the price of new automobiles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...