The United States is entering month 18 of the inflation crisis — and the toll it is taking on consumers’ finances is high. Consumers across the country spent a collective $64 billion more on just the bare essentials in Q3 2021 than they did in...
Over 60% of American are now living paycheck to paycheck, and close to one-quarter of U.S. consumers live paycheck to paycheck and struggle to meet monthly expenses. That harsh reality shows up in the products they buy — or don’t — and related financial behaviors. Exploring this...
Restaurants may be doing everything in their power to price below the rate of food inflation, and even below the rate of inflation overall, but consumers are nevertheless noting significant increases in the costs of their favorite meals. By the Numbers Research from PYMNTS’ September...
Unpacking how U.S. consumers at all income levels are making ends meet reveals that paycheck-to-paycheck living is becoming — or already is — accepted as a dominant lifestyle today, and it’s likely to be with us for some time to come, with or without a...
Charging things to a credit card and paying the balances over time is no longer optimal — perhaps no longer even feasible if you’re paying the minimum every month. Balances balloon as interest rates kick in, as high as 23% or more. The simple math...
Personal finance company SoFi has debuted “On the Money,” a digital content hub that lets members stay on top of their finances. As the company said in a news release Tuesday (Sept. 27), the platform will offer news, trends and tips, offering members and nonmembers...
With inflation reaching a 40-year high in June, nearly all consumers report noticeable increases in the cost of everyday purchases. PYMNTS’ research finds that 92% of consumers have noticed higher product prices, while 74% saw increases in their monthly bills. Consumers across all income levels...
Personal finance company Achieve has launched a new suite of offerings this month that is designed to get people on a better financial path, moving them from a position of financial struggle to one that is financially thriving, according to a press release Thursday (Sept....
As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the air, and it’s not just winter. It’s the cold reality that living is less affordable than ever. To track these...
