With the U.S. dollar worth only about 88 cents in real terms under inflation pressures of 2022, consumers are clearly fatigued by the affordability battle and not optimistic about regaining buying power in the immediate future, which may have an icy effect on winter holiday...
There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. And then there are some things that, perhaps, we might not like to see move toward those pre-COVID-19 high water marks. Not...
Taking cues from society and social media, young people in China aged 16 to 24 are tucking their money away and going without little luxuries like manicures, high-end makeup and eating out. Called “koukouzu,” or “the young frugal Chinese,” according to a recent Global Times...
This was the week when the Consumer Financial Protection Bureau released its awaited buy now, pay later (BNPL) report — it’s uneasy to say the least — Walmart made a bold move into true retail banking and both consumers and small businesses (SMBs) showed inflation...
While rising food prices have many consumers, by their own reports, eating out less often, data on their spending suggests that when they do dine at a restaurant, they may be going big, springing for higher-end dining experiences. Census Bureau data released Thursday (Sept. 15) reveal...
Although there are more vehicles available to shoppers on dealers’ lots, the price of new vehicles is still rising, having set another record in August. The average price paid for a new vehicle in August was $48,301, breaking July’s previous record of $48,080, according to...
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. According to a Monday (Sept. 12) press release, the Mastercard Economics Institute said the growth in retail...
Most people have tried digital banking, but they may not have realized it. PayPal and Venmo are both already mainstream, and many digital-only banks are ready for consumers to transfer their primary accounts. Many consumers are not yet prepared to cut ties with their traditional...
With ongoing food price increases come even more consumers opting out of restaurant purchases in favor of more affordable meal options. By the Numbers Research from PYMNTS’ study “Consumer Inflation Sentiment: Inflation Slowly Ebbs, but Consumer Outlook Remains Gloomy,” which drew from an August survey...
