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As retail prices continue to soar, cash-strapped households are reeling in expenses by skipping extras, buying in bulk, doing without, and turning to dollar stores for essentials. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Consumer spending climbed 1.1% in June with higher fuel and food costs amid 40-year record high inflation that is continuing to eat away at paychecks and household budgets, the U.S. Bureau of Economic Analysis (BEA) reported on Friday (July 29). May’s report from the commerce...
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The U.S. economy contracted for the second consecutive quarter, with gross domestic product (GDP) decreasing at a 0.9% annualized rate after decreasing 1.6% in the first three months of this year, the Bureau of Economic Analysis (BEA) reported on Thursday (July 28). Get the Full Story Complete...
The great softening is upon us. 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...
As food prices continue to inflate in the double digits year over year, customers of all income brackets are considering switching to lower-priced alternatives to their usual favorite grocery retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As food prices skyrocket, the effect on consumers exceeds even that of the already dramatic increases seen in the hard data about these price changes. These impacts are compounded by consumers’ deteriorating financial situations. Get the Full Story Complete the form to unlock this article...
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