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

PYMNTS New Reality Check: The Paycheck-to-Paycheck Report Series

New Reality Check: The Paycheck-to-Paycheck Report: Why One-Third of High Earners Live Paycheck to Paycheck