Consumers are less sanguine about their financial situations — especially when it comes to obtaining credit. And those reservations may be incentivizing them to shift their spending, at least a bit. At the moment, as PYMNTS Intelligence shows, perhaps call it a case of spending...
As consumers continue to feel the impacts of years of economic challenges, those who are struggling the most continue to spend indulgently on restaurant dining. By the Numbers For PYMNTS’ report “New Reality Check: The Paycheck-to-Paycheck Report – The Nonessential Spending Deep Dive Edition,” created...
The year 2022 marked a continued emergence from the pandemic, and new data show just how much — and how fast — we spent our take home pay to keep things going. The Bureau of Labor Statistics (BLS) reported Friday (Sept. 8) that average annual expenditures...
As consumers continue to allow themselves small indulgences amid ongoing inflation, many continue to opt for sweets at the grocery store. By the Numbers For the latest installment of PYMNTS’ series “New Reality Check: The Paycheck-to-Paycheck Report,” created in collaboration with LendingClub, “The Nonessential Spending Deep...
The American job market is still tight, at least according to one new measure. Data released Thursday (Sept. 7) by the U.S. Labor Department showed the number of residents filing initial unemployment claims fell 13,000 to 216,000 for last week, the lowest level since Feb. 11...
Modest growth is in the cards, and for Main Street stalwarts among smaller businesses — namely in retail — the pressure is mounting. The Federal Reserve’s latest Beige Book shows that, across the dozen district banks surveyed, economic growth is seeing some headwinds, and a...
Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. This rise can be attributed to rising interest rates and various economic headwinds, Bloomberg reported Tuesday (Sept. 5). Commercial bankruptcies rose by nearly 17% in August compared to July,...
The U.S. Commerce Department said Tuesday (Sept. 5) that orders for U.S. manufactured goods were down in July, by 2.1%, a reversal from four straight monthly gains. And with a bit more detail, the results were decidedly mixed. The data show that durable-goods orders fell...
The U.S. economy added 187,000 jobs in August, with the healthcare and the leisure and hospitality sectors leading the way. The number of jobs added during the month was less than the average of 271,000 seen over the last 12 months, the Bureau of Labor Statistics (BLS) said in...
