In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. But it’s not millennial, Gen Z, or low-income consumers who are most likely to use these plans — it’s high-income consumers. This applies...
Emergency expenses are a reality all consumers eventually face — and when economic headwinds and factors like rising prices enter the equation, these unexpected expenses can be burdensome, especially for credit-marginalized and younger consumers. Some consumers’ savings will not be enough to cover the cost...
Many people are resorting to credit cards to navigate difficult financial times, especially as the rising prices of goods and services continues to weigh on U.S. consumers’ wallets this holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling...
The burden of student loan debt continues to weigh heavily on millions of Americans, as evidenced by the significant number of borrowers who have not resumed making payments after the pandemic-induced pause. Get the Full Story Complete the form to unlock this article and enjoy...
An increasing number of drivers reportedly owe more on their loans than their cars are worth. 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...
Trial attorney Rogge Dunn has filed two class-action lawsuits against lenders alleging violations of the Texas Deceptive Trade Practices Act, negligent misrepresentation and gross negligence against Texas homeowners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A recent report by PYMNTS Intelligence has shed light on a growing trend among consumers — they are tipping less this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The unemployment rate is at pre-pandemic levels and inflation has dropped from 9.1% in July 2022 to 3.2% in October 2023, according to the Bureau of Labor Statistics. Yet 38% of all consumers say they are worse off than last year, and 62% are very...
