With inflation driving up costs everywhere, consumers in all income brackets — including those who make more than $250,000 annually — live paycheck to paycheck. PYMNTS’ research finds that 61% of U.S. consumers lived paycheck to paycheck in April 2022, a nine percentage-point increase from...
We may get a sense of satisfaction from doing so, but no one really likes paying bills. That’s doubly true if the bill pay experience is outdated, outmoded and out of step with expectations. Consumers want to simplify their monthly bill pay obligations now more...
The stressors mount. The savings dwindle. The credit cards offer only slight respite. And there’s not enough on hand to meet the unexpected curveballs life throws, inevitably. Especially not for the paycheck-to-paycheck consumer. Readers of this space are no doubt familiar with the fact that a majority of...
Inflation has impacted consumers not only concerning how much they are paying at checkout but also their checkout experiences. With 49% of consumers annually earning more than $100K living paycheck to paycheck in March, it should be no surprise that the leading cause of payment...
Revelations around the extent of paycheck-to-paycheck living are an eye-opener, with high-earners and strong credit scores living one experience, and those earning less or struggling with monthly bills having a very different time making monthly expenses and enjoying a few frills. Credit use and monitoring...
With PYMNTS’ research finding that 70% of bridge millennials and millennials are now living paycheck-to-paycheck, some struggling with monthly bills and some not, these high-earning, high-spending cohorts like to finance purchases more than others — especially pricey items. These exuberant spenders have a reputation for...
The digital payments revolution is raising consumers’ expectations when dealing with service providers. Seamless payment experiences from leaders in the tech sector like Amazon and Uber have contributed to consumers expecting easy, seamless digital experiences. In the consumer finance industry, companies that fail to provide...
Nine paycheck-to paycheck reports — and one inescapable conclusion. Anuj Nayar, financial health officer at LendingClub, told PYMNTS in an interview that “we are seeing a very clear picture that living paycheck to paycheck is the predominant way that we are living right now —...
The higher a consumer’s income, the higher their credit score and the less often they check it, according to “The New Reality Check,” a PYMNTS and LendingClub collaboration based on a survey of 2,326 U.S. consumers. Get the report: The New Reality Check Among those...
