- December 4, 2023
The CE 100 Index gained 3.1% coming off a Thanksgiving holiday-truncated week with vigor as all segments gained ground.
The Communications pillar surged 8.7%.
Snap was 12.9% higher in the week, leading ...
- November 28, 2023
Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that U.S. consumers face a cash drain — but proactive planning can go a long way toward ...
- November 23, 2023
In today’s challenging economic climate, many consumers find themselves living paycheck to paycheck and struggling to make ends meet. This is why a significant number of these consumers have turned ...
- November 21, 2023
As the holidays near, balancing tight budgets with the festive spirit can become a challenge. Which is why traditionally, many consumers turn to credit to navigate holiday expenses, ensuring celebrations ...
- November 20, 2023
One month before the start of the holiday season, 60% of consumers lived paycheck to paycheck. Nineteen percent struggle to pay their monthly bills. These shares are virtually unchanged from ...
- November 17, 2023
Millennials were born between 1981 and 1996. They entered the workforce during the economic recession that followed the 2008 crash. They endured years of job insecurity and low wages. Then ...
- November 16, 2023
Despite economic uncertainty and financial concerns, Americans have chosen to prioritize travel over savings this year. This trend applies to all generations, but it’s Gen X and millennial consumers who ...
- November 14, 2023
“Dupe, private label, call it what you want, consumers want more,” PYMNTS said in March, and that’s a sentiment that lives on. This is because inflation is highly relevant, much ...
- November 9, 2023
LendingClub has crossed the $1 billion mark in personal loans sold through its Structured Loan Certificates Program (SLCLC Program) since the launch of that program in April.
The company expects to ...
- November 9, 2023
Inflation has heightened the cost of living, prompting consumers, especially those living paycheck to paycheck, to look for extra ways to supplement their regular income.
In The Supplemental Income Edition of ...
- October 30, 2023
Despite a decline in inflation rates, living paycheck to paycheck remains the predominant lifestyle for a significant portion of Americans.
This financial tightrope is not limited to those with lower incomes; it extends its grip ...
- October 30, 2023
Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States. As of September 2023, 62% of consumers live paycheck to paycheck, with 22% struggling to ...
- October 25, 2023
LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious.
In response, the firm is promoting new products that meet the needs of both ...
- October 20, 2023
As consumers mind their spending on nonessential goods and services, PYMNTS Intelligence finds that a significant share of the population believes that they spend liberally on streaming subscriptions.
By the Numbers
For ...
- October 19, 2023
Consumers who indulge in extravagant spending across various product and service categories typically maintain significantly higher savings.
This is one of the key findings in “New Reality Check — The Paycheck-to-Paycheck ...
- October 16, 2023
Banking names grabbed the bulk of headlines for the CE 100 Index as earnings season officially got underway. The CE 100 Index lost 1.3% through the week.
And except for the ...
- October 12, 2023
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.”
The move will result in savings of about $30 million to ...
- October 11, 2023
The holidays are firmly in sight.
LendingClub Senior Vice President of Membership and Lifecycle Strategy Amber Carroll said that as inflation remains entrenched, as we make our lists on who gets ...
- September 28, 2023
Across the span of more than two dozen reports since the darkest days of the pandemic more than three years ago — and with eight reports this year alone — ...
- September 27, 2023
With October just about to dawn, many stores are already prodding consumers to think about the holiday shopping season, where December looms as a make-or-break month. The weeks leading into ...
- September 27, 2023
Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60% of consumers live paycheck to ...
- September 25, 2023
Caribou Financial has a new CEO, one focused on expanding the lender’s auto loan refinancing presence.
“It’s a pretty simple business and it’s just a huge opportunity,” Simon Goodall, formerly Groupon’s chief commercial officer, ...
- September 19, 2023
The latest economic data is in, and the Consumer Price Index shows that inflation has picked up to its fastest pace in several months.
Amber Carroll, senior vice president of membership ...
- September 14, 2023
Living paycheck to paycheck is a harsh reality for millions of individuals in the U.S., and nonessential spending plays a key role in adding to the financial burden on these ...
- September 12, 2023
LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio.
The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program that — per a news release ...
- September 3, 2023
Some brands continue to seek market share for shoppers seeking lower-priced luxury, even as competitive sales slow.
After decades of defining themselves through exclusivity and personalized services for a price, luxury brands have ...
- August 31, 2023
Rising menu prices and overall economic pressures may continue to weigh heavy on consumers, but even those who have difficulty getting by are still willing to spring for restaurant meals.
By ...
- August 31, 2023
Despite budgetary constraints, extra spend in certain discretionary categories may go a long way for the consumer mindset.
When faced with decisions about which services stay and which go, consumers have ...
- August 30, 2023
Inflation may be impacting how consumers shop for groceries, but the vast majority continue to carve out room in their budgets for nice-to-have foods and beverages, PYMNTS data reveals.
By the ...
- August 30, 2023
Inflationary pressures have yet to abate fully, making it necessary for many United States consumers to adjust their lifestyles to live within their means. Even as consumers work hard to ...
- August 15, 2023
That having children is costly may not be surprising — but the extent to which parents with children depend on credit cards is. Proprietary research prepared for the July “New ...
- August 11, 2023
Increasing costs on everyday items such as groceries, utilities and insurance continue to strain household budgets across the United States.
More than 60% of Americans were living paycheck to paycheck as of June, a trend ...
- August 7, 2023
Earnings were everywhere this past week.
And for the CE 100 Index, earnings-related headlines were the sole drivers of stocks to the upside — and overwhelmingly, to the downside.
To that end, ...
- July 31, 2023
As is often the case, but especially during troubled economic times, a fair amount of borrowing to meet expenses goes on.
In New Reality Check: The Paycheck-to-Paycheck Report — The Household Finances ...
- July 31, 2023
Rising prices for everything from food to housing continue negatively affecting United States households’ financial well-being. Even as consumers continue to adjust spending to make ends meet and put aside ...
- July 31, 2023
Earnings season is now in full swing, dominating headlines, moving stocks in our ConnectedEconomy™ 100 Index up double-digit percentage points — and to the downside, too.
The index was up 1.3%, ...
- July 26, 2023
LendingClub reported results that showed flat net interest income, but pressure on loan origination volumes — a trend that is likely to persist over at least the short term, per ...
- July 25, 2023
Paid-off homes and higher savings cushions could be behind the elder generation’s purchasing abilities.
Even as they ease out of their peak earning power, baby boomers and seniors remain the generation ...
- July 25, 2023
Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use a freshening up.
As has been ...
- July 14, 2023
The share of Generation Z consumers living paycheck-to-paycheck has more resembled a roller coaster than a traditional economic trajectory. This financial insecurity has impacted the demographic’s adult members, born between ...
