Rising Housing Costs Deflate Economic Optimism
Sixty Percent of Renters Report Financial Health in Jeopardy Over High Housing Costs
New data shows that twice as many renters as homeowners say that rising housing payments are having a negative impact on their financial health. This, as 18 million consumers report having given up on buying a home since January 2021 due to rising mortgage rates. Learn more in PYMNTS’ latest “Consumer Inflation Sentiment” report.
Inside the February Report
- 30%: Share of Gen Z who live in someone else’s home without paying rent or contributing to mortgage payments
- 60%: Portion of renters who say their rental payments have a notably negative impact on their financial health
- 34%: Share of lower-income consumers who say monthly rental payments have a very or extremely detrimental effect on their financial health
Consumer Inflation Sentiment Report
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The Cautious Spender: US Consumers Now Think First, Spend Second
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Consumers Shop Secondhand Stores as Often as Other Retail
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Tipflation Is Changing Spending Habits of 1 in 6 Consumers
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27% of Consumers at Self-Checkout Say They’ve Been Asked to Tip
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85% of Consumers Say Incomes Are Not Matching Inflation
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Consumers Know What AI Is — Not How It’s Integrated Into Their Daily Lives
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45% of Millennials Say Wages Don’t Meet Inflation
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The False Appeal of Deal-Chasing Consumers
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Perception Is Reality
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In It For The Long Haul
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Consumer Inflation Sentiment: Inflation’s Long Consumer Spending Shadow
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Consumers Buckle Down On Belt-Tightening
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Inflation Slowly Ebbs, But Consumer Outlook Remains Gloomy
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Consumers Pull Back and Prepare for the Long Haul