Nearly Half of Credit Users Expect Higher Interest Rates in 2024
New Reality Check: The Paycheck-to-Paycheck Report: Pessimism About Pay Rises Offsets the Effect of Falling Inflation
With nearly 1 in 3 paycheck-to-paycheck consumers citing debt as a cause of financial distress, lower interest rates could be central to consumers’ financial health. PYMNTS Intelligence’s latest survey of 4,380 U.S. consumers explores their economic outlook and concerns for rising interest rates on their personal cash flow in 2024.
Read more in “New Reality Check: The Paycheck-to-Paycheck Report: The Pessimism About Pay Rises Offsets the Effect of Falling Inflation.”
Inside the February Report
- 83%: Portion of consumers who are at least somewhat concerned about current and near-future economic conditions
- 42%: Share of consumers who expect the interest rates of their loans to increase during 2024
- 20%: Portion of paycheck-to-paycheck consumers who say that their average savings will decrease in 2024
Paycheck to Paycheck
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The Five Financial Realities of Paycheck-to-Paycheck Living
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No Summer Break: How Everyday Bills Push Families to the Edge
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New PYMNTS Data Shows Basic Expenses Breaking the Summer Budget
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The Fragmented Paycheck: Why Rising Spending No Longer Means Stronger Demand
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Who Is the Subprime Consumer? A Behavioral Profile
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Tax Refund Season Reveals the Reality of Paycheck-to-Paycheck America
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Running on Empty: How Paycheck-to-Paycheck Living Turns Small Shocks Into Big Crises
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How Financial Support Beyond Family Is Breaking Household Budgets
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Income Instability Is Redefining the Paycheck-to-Paycheck Economy
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Seven in 10 Americans Live Paycheck to Paycheck. And Confidence Is Cracking
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Why Paycheck-to-Paycheck Consumers Can’t Weather a $2,000 Shock
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Financial Fragility in the Middle: How Income and History Shape Consumer Risk
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The Adjustable-Rate Reckoning: How Homeownership Is Pushing Millions Paycheck to Paycheck
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Consumers Say They Want Budgeting Tools but Aren’t Using Them
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Do the (Side) Hustle: Four in 10 US Consumers Seize the Opportunity to Earn More Income
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Navigating the Shifting Sands of Consumer Spending Amid Rising Prices and New Tariffs
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The Two Money Mindsets Shaping How Consumers Manage Their Finances
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The Price of Time: When Consumers Opt for Convenience
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Struggling Consumers Go to Short-Term Strategies to Manage Higher Expenses
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Despite Strong Job Market, Paycheck-to-Paycheck Workers Worry More About Job Prospects
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Average Credit Debt Hits More Than $7,000 for Financially Struggling Cardholders
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Paycheck-to-Paycheck Consumers Continue to Struggle With High Interest Rates
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Americans Blame Rising Living Costs for Downward Financial Mobility
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Higher Perception of Inflation Drives Paycheck-to-Paycheck Consumers to Trade Down
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Trending: Gen Z Is Leaving the Nest, But Are They Ready to Fly?
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Emergency Expenses Break the Bank for Paycheck-to-Paycheck Consumers
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Paycheck-to-Paycheck Foodies Skimp on Beds, Splurge on Spreads
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Why 60 Percent of Gen Z’s Live Paycheck to Paycheck
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High-Income Consumers Lead Surprising New Data on Side Hustles
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New Reality Check: The Paycheck-to-Paycheck Report: Why One-Third of High Earners Live Paycheck to Paycheck