Consumer Spending

BofA Consumer Payments Up 16% to $294B in February

BofA Consumer Payments Up 16% to $294B in February
BofA Consumer Payments Up 16% to $294B in February
March 08, 2022  |  Credit Cards

Bank of America saw a 16% year-over-year increase in total consumer payments in February to $294 billion among its 67 million clients, according to a...

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Latest US Consumer Debt Data May Show Some Warning Signs Ahead
Latest US Consumer Debt Data May Show Some Warning Signs Ahead
March 08, 2022  |  Debt

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US Consumer Borrowing Grew 1.9% in January
US Consumer Borrowing Grew 1.9% in January
March 07, 2022  |  Economy

U.S. consumer borrowing saw an uptick in January, though at the slowest pace in a year, with households paying down credit card balances after the...

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Retailers Face Brand New Competitor: Gas Prices
Retailers Face Brand New Competitor: Gas Prices
March 07, 2022  |  Retail

Having endured two years of COVID, waves of lockdowns, a mash-up of mask mandates, sporadic business restrictions, extensive wage and labor challenges and more, the...

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64% of Consumers Lived Paycheck to Paycheck in January, up From 61% a Month Earlier
64% of Consumers Lived Paycheck to Paycheck in January, up From 61% a Month Earlier
March 03, 2022  |  Economy

LendingClub financial health officer Anuj Nayar told PYMNTS: “I hate to say this, but the 61% number that we reported as the percentage of consumers...

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Nearly Half of High-Income Earners Now Live Paycheck to Paycheck
Nearly Half of High-Income Earners Now Live Paycheck to Paycheck
March 03, 2022  |  Consumer Finance

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Report: The Impact of Merchant Surcharges on Cardholder Satisfaction
Report: The Impact of Merchant Surcharges on Cardholder Satisfaction
March 01, 2022  |  Credit Cards

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Jane.com on Bringing BNPL Options to the Table for Younger Consumers
Jane.com on Bringing BNPL Options to the Table for Younger Consumers
February 28, 2022  |  BNPL

Retailers that cater to younger consumers must realize that BNPL not only drives bigger tickets but also keeps shoppers coming back for more. In PYMNTS’...

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Installment Plans Help ‘COVID-Poor’ Consumers Tackle ‘Government Debt’
Installment Plans Help ‘COVID-Poor’ Consumers Tackle ‘Government Debt’
February 28, 2022  |  Debt

It’s getting harder to pay the rent, the mortgage and the bills, such as water and energy services, that are so critical for day-to-day life....

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