Household spending is still advancing, but income isn’t keeping up anymore. The latest economic data and PYMNTS Intelligence reporting show households continuing to transact and absorb higher prices, but with less support from paychecks and more reliance on financial workarounds that don’t necessarily show up...
The U.S. economy is advancing on the strength of household spending even as the pace of income growth slips into a lower gear. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Both incomes and consumer spending increased in June, according to estimates released Thursday (July 31) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
April 09, 2026
Household spending is still advancing, but income isn’t keeping up anymore. The latest economic data and PYMNTS Intelligence reporting show households continuing to transact and absorb higher prices, but with less support from paychecks and more reliance on financial workarounds that don’t necessarily show up in top-line data. Get the Full Story Complete the form […]
June 27, 2025
Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer. Get the Full Story Complete the...
November 27, 2024
The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. Get the Full Story Complete the form to...
October 30, 2024
It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay, clicking to pay, swiping their...
July 31, 2025
Both incomes and consumer spending increased in June, according to estimates released Thursday (July 31) by the Bureau of Economic Analysis (BEA). 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 […]
May 30, 2024
Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. Get the Full Story Complete the form to unlock...
October 26, 2023
Strong consumer spending this summer helped drive economic growth in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
June 30, 2023
Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
