Inflation hits everyone, yes — and how they view their financial straits governs how they’ll spend in the near (and longer) term. And while all signs point to a propensity to open the wallets — the digital ones and the physical ones — from commentary...
Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in the United States spending on travel and average retail product spend — are bouncing back. Also rebounding are payment troubles,...
Communities are important to consumers. PYMNTS’ data finds that a financial institution’s (FI’s) lack of support for local charities can persuade one-third of customers to move their accounts elsewhere, and the age groups most impacted by charity participation are critical: bridge millennials and millennials. Consumers...
Modern life is complex — and consumers want an app for that. Recent research reveals that most consumers in Australia, Germany, the United Kingdom and the United States are ready for an all-in-one solution for everyday life: a single dashboard to manage communications, purchasing and...
Until quite recently, the term “paycheck-to-paycheck” conjured images of subprime consumers with especially bad money management skills. We now know that this portrait is far from accurate, with our data finding 58% of all U.S. consumers just making ends meet. That number includes almost one-third...
Personal savings serve key purposes, chief among them as a financial safety net. But runaway inflation has started to eat away at consumers’ cash reserves, which spiked when government stimulus was abundant — and are now getting more and more difficult to replenish. As credit...
Today is Tuesday, July 5 and on this day in 1946 — the first war-free summer since World War II ended in September 1945 — the bikini hit the summer fashion scene in Paris. The two-piece swimsuit wouldn’t overcome America’s prudish ways until the early...
Many pressures are putting a pinch on paychecks, the latest unwelcome arrival being runaway inflation that’s compounding a seemingly endless state of financial dismay for millions of Americans, including some of the highest earners in the nation — those making $250,000 a year or more....
With recession looking more probable by the day, consumers who are already financially strapped are looking at ways of managing money when there’s less of it, and everything costs considerably more than it did even six months ago. We see this in “New Reality Check:...
