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 living paycheck to paycheck — well, I think that is going to increase, and the savings cushion is going to...
State unemployment applications increased for the first time in a month, primarily in a few midwestern states, the U.S. Department of Labor said Thursday (Feb. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
American consumers are spending more money, but also saving more, the CEO of Bank of America said Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
With inflation pushing up prices, some of the biggest consumer brands have been passing on the input costs to consumers, the Financial Times reported Sunday (Feb. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
COVID-19’s omicron variant had less of an impact on U.S. spending than previous stages of the outbreak. 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...
Consumer prices rose 7.5% over the past year, the highest rate of inflation since 1982, according to figures released Thursday (Feb. 10) by the U.S. Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Economists and analysts preparing for a gloomy jobs report got a surprise when payroll employment rose by 467,000 in January, and the unemployment rate was largely the same at 4.0%, the U.S. Bureau of Labor Statistics reported on Friday (Feb. 4). Get the Full Story...
Consumer spending — in particular, spending by lower income consumers — may be running out of gas. 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...
Consumers in the U.K. were bullish on spending in the first two weeks of the new year, but rising inflation is expected to take a heavy toll on Britons’ finances, Bloomberg reported Monday (Jan. 24). Get the Full Story Complete the form to unlock this...
