Today in Data: Backing Away From Big-Ticket Buying

By  |  July 4, 2022
 | 
Today in Data: Backing Away From Big-Ticket Buying

Today in data, as inflation continues to rise, consumers begin to ease spending on major purchases.

    Get the Full Story

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

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data

    $8.4B: Amount of auto loans reported by J.P. Morgan Chase, down from $11.2 billion one year ago

    5.4M: Decline in sales of existing homes between April and May

    27%: Decrease in comparable sales reported by Bed Bath & Beyond, which the company attributed to a “rapid” shift in consumer spending habits

    2%-5%: Projected decline in sales for the year by high-end retailer RH, as rising mortgage rates keep consumers away from its luxury home products

    Advertisement: Scroll to Continue

    0.1%: Decline in personal incomes in May, according to the U.S. Commerce Department


    Recommended

    SoFi Aims to Raise $1.5 Billion to Fund Additional Business Opportunities

    Apple’s General Counsel and Government Affairs Head to Retire

    Prediction Market Polymarket Begins Rolling Out US App

    Target Says Shifting Order Fulfillment to Slower Stores Speeds Delivery and Reduces Costs

    See More In: , , , , , , , ,