PYMNTS-MonitorEdge-May-2024

inflation

Millennial Shoppers Lead Resale’s Growth
Millennial Shoppers Lead Resale’s Growth
June 12, 2024  |  Retail

As consumers turn to secondhand shopping options to manage their budgets amid inflation, millennials are leading the way. By the Numbers For the January edition...

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Consumers Embrace BNPL for Groceries Amid Rising Food Costs
Consumers Embrace BNPL for Groceries Amid Rising Food Costs
June 12, 2024  |  Buy Now Pay Later

Around the world, grocers are exploring buy now, pay later (BNPL) capabilities to offer installment options to consumers struggling with inflation. In the United Kingdom,...

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Inflation Moderates; But Consumers Pay More on Rent and Dining Out
Inflation Moderates; But Consumers Pay More on Rent and Dining Out
June 12, 2024  |  Economy

The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. But the data released Wednesday (June...

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Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
June 11, 2024  |  Retail

Consumer spending is beginning to show signs of recovery going into the summer, but major retailers are not getting their hopes up. Findings from the...

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Consumers Tap Dad’s Summer Grilling Excitement for Father’s Day Gifting
Consumers Tap Dad’s Summer Grilling Excitement for Father’s Day Gifting
June 11, 2024  |  Retail

As consumers seek Father’s Day gifting options more creative than yet another tie, some are buying their dads fancier cuts of meat as barbecue season...

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World Bank: Global Growth Still Lower Than Pre-COVID
World Bank: Global Growth Still Lower Than Pre-COVID
June 11, 2024  |  Economy

A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics...

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Small Business Owners’ Optimism Rises, but Inflation Remains a Problem
Small Business Owners’ Optimism Rises, but Inflation Remains a Problem
June 11, 2024  |  Economy

Small business owners are more optimistic than they’ve been throughout 2024 but they remain less optimistic than they have been historically. The NFIB Small Business...

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Consumers Splurge on Specialty Fashion Brands Amid Inflation
Consumers Splurge on Specialty Fashion Brands Amid Inflation
June 10, 2024  |  Retail

Amid financial uncertainties, U.S. consumers are becoming more discerning in what nice-to-have retail products they are willing to indulge in, shifting their purchasing away from...

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Consumers May Dig Into Savings as Long-Term Inflation Expectations Creep Up
Consumers May Dig Into Savings as Long-Term Inflation Expectations Creep Up
June 10, 2024  |  Consumer Insights

Through scores of reports on the paycheck-to-paycheck economy, PYMNTS Intelligence has found that there’s a commonality across income levels and demographics:  Most of our collective...

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