economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance

COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
May 01, 2020  |  Economy

Nearly 4 million U.S. home mortgages — or 7.3 percent of the total — have entered into “forbearance” programs with their lenders as the COVID-19...

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Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process Half-Million Loan Applications
Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process...
May 01, 2020  |  News

In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications...

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Next-Gen Debit Steps Up
Next-Gen Debit Steps Up
May 01, 2020  |  Next-Gen Debit

Among the fascinating findings in PYMNTS’ ongoing surveys of Main Street SMBs during the pandemic is this: A majority of small businesses that did not...

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Savings Rate Surges To Highest Level In 39 Years
Savings Rate Surges To Highest Level In 39 Years
May 01, 2020  |  Banking

The shaky coronavirus economy has promoted people to sock money at levels not seen since 1981. Get the Full Story Complete the form to unlock...

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PPP’s Banker Versus Borrower Dilemma
PPP’s Banker Versus Borrower Dilemma
May 01, 2020  |  SMBs

Since the launch of the Paycheck Protection Program (PPP) in early April, the single-minded focus of the U.S. Treasury, the banks approved to process PPP loans and...

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NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
May 01, 2020  |  Economy

  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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States, Cities Want $1 Trillion To Avoid Layoffs
States, Cities Want $1 Trillion To Avoid Layoffs
April 30, 2020  |  Economy

Democratic Congressional leaders are seeking up to $1 trillion in the next coronavirus aid package, a number that will almost surely run into controversy with...

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Report: Smartphone Production Expected To Hit Record Low In Q2
Report: Smartphone Production Expected To Hit Record Low In Q2
April 30, 2020  |  Economy

A revised forecast of smartphone production predicts volume will shrink to a record low in the second quarter as the spread of the coronavirus continues...

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