Perception Is Reality
Consumers Skeptical of Government’s Inflation Optimism
Cooling inflation has not stopped consumers from cutting back on the quantity and quality of purchases. In PYMNTS’ latest “Consumer Inflation Sentiment” report, we surveyed 2,140 consumers to learn more about how their price pessimism is impacting their buying behavior.
Inside the January Report
- 41%: Share of families with children who have switched to lower-quality groceries
- 42%: Portion of millennials who have switched to lower-quality groceries
- 67%: Share of consumers who live paycheck to paycheck who have cut back on nonessential groceries
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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Rising Housing Costs Deflate Economic Optimism
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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