In today’s challenging economic climate, many consumers find themselves living paycheck to paycheck and struggling to make ends meet. This is why a significant number of these consumers have turned to supplemental income sources to improve their financial situation. According to findings detailed in The...
As the holidays near, balancing tight budgets with the festive spirit can become a challenge. Which is why traditionally, many consumers turn to credit to navigate holiday expenses, ensuring celebrations are not marred by financial constraints. However, recent trends show a decline in reliance on...
As reported by the Federal Reserve on Monday (Nov. 20), demand for new credit is declining. Rejection rates for those people seeking new credit are on the rise. And the percentage of consumers who can handle an unforeseen, $2,000 expense is waning, too. The data...
Consumers are a resourceful lot and will do what they must to make ends meet, even if it means splitting up the weekly grocery bill into more manageable chunks. PYMNTS Intelligence data shows that 40% of lower-income consumers have used split-pay plans in the last...
One month before the start of the holiday season, 60% of consumers lived paycheck to paycheck. Nineteen percent struggle to pay their monthly bills. These shares are virtually unchanged from last year, indicating that consumers have adjusted to the current economic environment. Even so, consumers...
Millennials were born between 1981 and 1996. They entered the workforce during the economic recession that followed the 2008 crash. They endured years of job insecurity and low wages. Then they suffered the consequences of the COVID pandemic, as one of the most vulnerable segments...
As the impact of rising prices on bill payments becomes more pronounced, U.S. consumers are increasingly relying on credit cards to manage their finances. Cardholders are also seeking credit cards that offer rewards and financial management features to navigate the economic turbulence, as inflation takes...
Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit cards. And there’s some evidence that the pivot has already begun. In joint research conducted by PYMNTS Intelligence and Nuvei...
In an increasingly complex finance environment where consumer services proliferate, consumers are searching for ways to gain control over their finances. One crucial aspect of financial control is bill payment. Many consumers find the bill payment process frustrating and lacking in ease and convenience. They...
