Income

High-Income Urban Consumers 25% More Likely to Live Paycheck-to-Paycheck Than Suburban Counterparts
High-Income Urban Consumers 25% More Likely to Live Paycheck-to-Paycheck Than Suburban Counterparts
August 24, 2023  |  Personal Finance

The ongoing cost-of-living crisis continues to affect consumers across the United States, and having higher incomes does not necessarily shield one from feeling the financial...

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Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
August 23, 2023  |  Consumer Finance

Consumers making between $50,000 and $100,000 may be caught in a middle-income “crunch” these days as inflation’s growth slows while still trending upwards, and real wages stagnate....

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Plaid Teams With Pinwheel for Direct Deposit Services
Plaid Teams With Pinwheel for Direct Deposit Services
August 17, 2023  |  Personal Finance

Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide...

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27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
February 28, 2023  |  Consumer Finance

Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...

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Digital Economy Income Gap Widens Year Over Year
Digital Economy Income Gap Widens Year Over Year
February 17, 2023  |  Connected Economy

There are and always have been sharp differences between how consumers in different demographic groups experienced the quick and total digitization of the United States...

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More than Half of High-Income Consumers Now Live Paycheck to Paycheck
More than Half of High-Income Consumers Now Live Paycheck to Paycheck
January 30, 2023  |  Consumer Finance

As we move into 2023, inflation and economic uncertainty remain top concerns for most U.S. consumers. In the past 12 months, increasing prices for everything...

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Consumers Earned and Spent More in October 
Consumers Earned and Spent More in October 
December 01, 2022  |  Economy

Consumers’ incomes and expenditures increased by about the same rate in October.  The Bureau of Economic Analysis (BEA) reported Thursday (Dec. 1) that personal income increased by 0.7%, disposable...

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US Business Activity Keeps Shrinking With Low Demand, High Inflation
US Business Activity Keeps Shrinking With Low Demand, High Inflation
October 25, 2022  |  Economy

Business activity in the U.S. shrank for the fourth month in a row amid continued high inflation and a decline in demand. That’s according to...

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Pinwheel Launches New Consumer Income Data Product for Banks, FinTechs 
Pinwheel Launches New Consumer Income Data Product for Banks, FinTechs 
September 27, 2022  |  Consumer Insights

Income and employment data provider Pinwheel has launched a new product that provides up-to-date consumer income data — including historical, current and projected data. With...

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