consumer finances

Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues

Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that...

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Target Says Time’s Up For Paying With Paper Checks
Target Says Time’s Up For Paying With Paper Checks
July 05, 2024  |  Payment Methods

Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its...

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23% of Grocery Shoppers Alienated by High Prices
23% of Grocery Shoppers Alienated by High Prices
July 05, 2024  |  Consumer Finance

As grocery shoppers look to find the merchant best suited to their needs, a significant share of customers find themselves put off by higher-than-expected prices,...

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Two-Thirds of Financially Stressed Consumers Revolve Their Credit Card Balances Each Month
Two-Thirds of Financially Stressed Consumers Revolve Their Credit Card Balances Each Month
June 27, 2024  |  Consumer Finance

As consumers look for ways to make ends meet, many of those who do not have a financial safety net are forced to carry their...

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62% of FinTechs Develop Products With Gen Z Consumers in Mind
62% of FinTechs Develop Products With Gen Z Consumers in Mind
June 18, 2024  |  Gen Z

As we recently reported, credit unions (CUs) are aggressively marketing toward Generation Z consumers. Ninety-five percent of them are focused on convincing Gen Z to...

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FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
June 11, 2024  |  Consumer Finance

The headlines swirl around Synapse’s bankruptcy and customers’ tales of being frozen out of their accounts. The FinTech space is always evolving, and the ongoing...

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Consumers Cut Spending as Financial Safety Nets Fray
Consumers Cut Spending as Financial Safety Nets Fray
June 07, 2024  |  Consumer Finance

Over the years, PYMNTS Intelligence research reveals, fewer and fewer consumers find themselves with savings enough to fall back on, and they are adjusting their...

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54% of Gen Z Shoppers Use Pay Later Plans to Buy Groceries
54% of Gen Z Shoppers Use Pay Later Plans to Buy Groceries
May 31, 2024  |  Consumer Finance

Pay later plans — those arrangements enabling consumers to cover purchases over a set period of time — are not only a popular way to...

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