The share of consumers living paycheck to paycheck increased by 4 percentage points between May 2021 and May 2022, according to “The New Reality Check,” a PYMNTS and LendingClub collaboration based on a survey of 3,708 consumers. Get the report: The New Reality Check Fifty-eight...
An inflationary shock is adding to the difficulties of consumers living paycheck-to-paycheck, often with little or no savings, with challenging life events compounding these problems. For the latest study in a groundbreaking series on the true extent of this widespread economic fact of life, New...
Today is Monday (June 27), and pending home sales data being released this morning are expected to show a 4% drop, the seventh straight month of declines. New home sales data on Friday (June 24) showed a rebound of 10.7% in May with the median...
Consumers hailing from all income brackets are feeling mounting pressure from rising inflation and economic uncertainty. PYMNTS’ research finds that 58% of United States consumers lived paycheck to paycheck in May 2022, a four percentage-point increase from May 2021. Slightly less than one in three...
Credit cards are the most common credit products that U.S. consumers use. In fact, 62% of consumers made credit card payments in the last 90 days, according to “The New Reality Check,” a PYMNTS and LendingClub collaboration based on a survey of 2,326 U.S. consumers....
Consumers’ adoption of new payment methods follows the same pathway to general acceptance as many new products. After launch and initial promotion, word of mouth drives shoppers to check out products that will be successful. These items have their early adopters — the curious individuals...
If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%) of earners in that bracket are spending every cent, every month. That’s a cold slap of reality for many of...
In April, insufficient funds became the most common reason that consumers’ payments were declined, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,067 U.S. consumers. Get the report: Digital Economy Payments Twenty-seven percent of consumer payment declines were due to...
If you’re one of those who thinks high school kids should be able to elect Regents Trigonometry or Financial Literacy to get their diploma, there’s some good news for a change. A new credit card unveiled in May is designed with parents in mind, to help them...
