PYMNTS-MonitorEdge-May-2024

Consumer Spending

41% of Zillennials Prioritize Price Over Brand Loyalty in Shopping
41% of Zillennials Prioritize Price Over Brand Loyalty in Shopping
November 11, 2024  |  Consumer Insights

Zillennials — who were born between 1991 and 1999 — are reshaping the retail market with a blend of millennial values and Generation Z’s tech-savviness....

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Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
November 08, 2024  |  Consumer Finance

All eyes were on the Federal Reserve’s interest rate cut this week. As widely expected, the central bank delivered a 0.25% trimming to the federal...

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Global Food Commodity Prices Reach Highest Level in 18 Months
Global Food Commodity Prices Reach Highest Level in 18 Months
November 08, 2024  |  Economy

Globally traded food commodities rose to their highest level in 18 months in October, driven by adverse weather conditions and other challenges. The FAO Food...

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Exclusive: Ahead of New Presidential Administration, Paycheck-to-Paycheck Consumers Feel Pinched
Exclusive: Ahead of New Presidential Administration, Paycheck-to-Paycheck Consumers Feel Pinched
November 07, 2024  |  Economy

Regardless of whether they voted for Trump or for Harris, whether they live in a blue state or a red state, the people living paycheck...

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Primark Owner Forecasts Uptick in Lower-Income Consumer Confidence
Primark Owner Forecasts Uptick in Lower-Income Consumer Confidence
November 05, 2024  |  Retail

The head of Associated British Foods has predicted rising confidence among lower-income consumers. As the Financial Times (FT) reported Tuesday (Nov. 5), George Weston made...

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Target Plans Holiday-Themed Upgrades In Store and Online
Target Plans Holiday-Themed Upgrades In Store and Online
November 05, 2024  |  Retail

Target is getting a holiday makeover as retailers prepare for a potentially tepid shopping season. The retailer announced recently that it would be turning its physical and digital...

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Retailers Cut Christmas-Themed Item Orders Ahead of Lukewarm Holiday
Retailers Cut Christmas-Themed Item Orders Ahead of Lukewarm Holiday
November 05, 2024  |  Retail

As the holiday shopping season begins, expect to see fewer Christmas-themed items in stores. Retailers such as Walmart are ordering fewer Christmas trees, toys and decorations this...

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Will Slight Improvement in Overall Jobs Outlook Boost Confidence to Keep Spending?
Will Slight Improvement in Overall Jobs Outlook Boost Confidence to Keep Spending?
November 04, 2024  |  Economy

On its surface, last week’s job report was anemic at best and confounding at worst. And where there’s a cloudy picture on job prospects, the...

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NY Times Sees Digital Subscriptions Slow as Consumers Cut Spending
NY Times Sees Digital Subscriptions Slow as Consumers Cut Spending
November 04, 2024  |  Subscriptions

The New York Times has reportedly seen digital subscriptions slow amid weakened consumer spending. The media company added 260,000 digital-only subscribers during its third quarter,...

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