Consumer Spending

US Savings Rate Soars As Consumer Spending Sinks – A Bad Sign For SMBs
US Savings Rate Soars As Consumer Spending Sinks – A Bad Sign For SMBs
June 01, 2020  |  SMBs

Not all that long ago, we were hoarding toilet paper and flour — eyeing the proverbial rainy day when we’d need what we’d saved, as...

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Chicago Purchasing Managers Index Tumbles To 38-Year Low
Chicago Purchasing Managers Index Tumbles To 38-Year Low
May 29, 2020  |  Economy

The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982 as the COVID-19...

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Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter
Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter
May 29, 2020  |  Economy

While the number of laid-off workers who filed for jobless benefits exceeded 40 million last week, 1 in 10 Americans say COVID-19 has boosted their...

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Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
May 28, 2020  |  Economy

A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire...

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Bank Of America CEO: We’re Coming Out Of The Depths
Bank Of America CEO: We’re Coming Out Of The Depths
May 28, 2020  |  Economy

Bank of America’s chairman and CEO sees light at the end of the COVID-19 tunnel. Get the Full Story Complete the form to unlock this...

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Preparing Merchants For The Coming Mobile Wallet Boost
Preparing Merchants For The Coming Mobile Wallet Boost
May 27, 2020  |  Digital Payments

Call it the great shift. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Survey: Consumer Confidence Stabilizes In May
Survey: Consumer Confidence Stabilizes In May
May 26, 2020  |  Consumer Insights

After a sharp decline in April, consumer confidence held steady in May as some businesses reopened in the wake of the COVID-19 pandemic, according to...

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Chinese Festivals Show Government Spin On Consumer Stimulus
Chinese Festivals Show Government Spin On Consumer Stimulus
May 26, 2020  |  Retail

The last time Chinese eCommerce companies collaborated for an online shopping holiday it was called Singles Day. Held on 11/11 and managed by Alibaba, in...

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Reopening Trends: Consumers Spending More On Gas, Kids Still Home From School
Reopening Trends: Consumers Spending More On Gas, Kids Still Home From School
May 25, 2020  |  Coronavirus

As the U.S. begins procedures to tentatively reopen, the entire country has seen only a few across-the-board trends: namely, that people are filling up their...

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