Income

Consumers Receive Over $34,000 in Disbursements Per Year
Consumers Receive Over $34,000 in Disbursements Per Year
November 21, 2023  |  Disbursements

Consumers are getting fewer disbursements this year, PYMNTS Intelligence data shows. However, that may be due to consolidation, not because they are getting less. Consumer...

READ MORE >
Two-Thirds of Paycheck-to-Paycheck Consumers Cite Family Financial Support as Key Pressure Point
Two-Thirds of Paycheck-to-Paycheck Consumers Cite Family Financial Support as Key Pressure Point
October 27, 2023  |  Personal Finance

Despite the decrease in inflation rates, living paycheck to paycheck remains a widespread financial reality for many consumers in the United States, encompassing over 60% of...

READ MORE >
Unemployment Claims Remain Low as Wage Growth Slides
Unemployment Claims Remain Low as Wage Growth Slides
October 05, 2023  |  Economy

Initial jobless claims remained low last week, according to new Labor Department data. Government figures released Thursday (Oct. 5) showed initial claims inching up to 207,000 for the week...

READ MORE >
ADP Finds ‘Steepening’ Decline in Job Growth as Wages Dip
ADP Finds ‘Steepening’ Decline in Job Growth as Wages Dip
October 04, 2023  |  Economy

Private employers added 89,000 jobs last month, the slowest growth rate since early 2021. That’s according to the monthly employment report released Wednesday (Oct. 4) by ADP, which...

READ MORE >
Nearly 12% of Americans See Incomes Decrease as Business Slows
Nearly 12% of Americans See Incomes Decrease as Business Slows
October 04, 2023  |  Economy

More and more Americans are seeing income levels drop, a new labor market survey shows. As Bloomberg News reported Wednesday (Oct. 4), a survey by Morning Consult finds that...

READ MORE >
Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
September 08, 2023  |  Economy

The year 2022 marked a continued emergence from the pandemic, and new data show just how much — and how fast — we spent our...

READ MORE >
High-Income Urban Consumers 25% More Likely to Live Paycheck-to-Paycheck Than Suburban Counterparts
High-Income Urban Consumers 25% More Likely to Live Paycheck-to-Paycheck Than Suburban Counterparts
August 24, 2023  |  Personal Finance

The ongoing cost-of-living crisis continues to affect consumers across the United States, and having higher incomes does not necessarily shield one from feeling the financial...

READ MORE >
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
August 23, 2023  |  Consumer Finance

Consumers making between $50,000 and $100,000 may be caught in a middle-income “crunch” these days as inflation’s growth slows while still trending upwards, and real wages stagnate....

READ MORE >
Plaid Teams With Pinwheel for Direct Deposit Services
Plaid Teams With Pinwheel for Direct Deposit Services
August 17, 2023  |  Personal Finance

Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide...

READ MORE >