PYMNTS-MonitorEdge-May-2024

Consumer Spending

Latest Consumer Data Shows Expenses Grew Faster Than Income in September
Latest Consumer Data Shows Expenses Grew Faster Than Income in September
October 31, 2024  |  Economy

The latest data from the Department of Commerce’s Bureau of Economic Analysis revealed that consumer spending outpaced income growth in September. The news may be...

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Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
October 31, 2024  |  Mastercard

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts...

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Starbucks Plans Revival Strategy as Customer Visits Decline
Starbucks Plans Revival Strategy as Customer Visits Decline
October 30, 2024  |  Earnings

Facing declining customer visits, Starbucks is set to embark on a restorative journey to reclaim its identity and enhance the overall experience. During the company’s...

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Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
October 30, 2024  |  Consumer Finance

It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay,...

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The CPG Playbook: Pivoting for Shifting Consumer Demands
The CPG Playbook: Pivoting for Shifting Consumer Demands
October 30, 2024  |  Earnings

With the fourth quarter now underway, major players in the consumer packaged goods (CPG) industry are facing a landscape marked by challenges and opportunities. Companies...

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Affirm Updates BNPL App Ahead of Holiday Shopping Season
Affirm Updates BNPL App Ahead of Holiday Shopping Season
October 30, 2024  |  Buy Now Pay Later

Ahead of the holiday shopping season, payments network Affirm is upgrading its app. The company, known for its buy now, pay later (BNPL) offering, now...

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Private-Label Card Trends May Signal Uneven Holiday Spending
Private-Label Card Trends May Signal Uneven Holiday Spending
October 29, 2024  |  Credit Cards

Private-label credit cards, or store cards, make up a small percentage of overall consumer credit. The Federal Reserve estimated earlier this year that “retail credit...

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Consumer Confidence Marks Big Gain Despite Inflation Concerns
Consumer Confidence Marks Big Gain Despite Inflation Concerns
October 29, 2024  |  Economy

One week ahead of the election, we’re living in what might charitably be called uncertain times. And yet, as measured by The Conference Board’s latest...

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Credit Card Delinquencies Crept Up in September Amid Renewed Spending
Credit Card Delinquencies Crept Up in September Amid Renewed Spending
October 27, 2024  |  Credit Cards

Consumers spent with confidence last month as retail sales climbed. And as Seeking Alpha noted in its “Credit Pulse” report Sunday (Oct. 27), much of...

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