nonessential spending

Corporate Bankruptcies Surge as Consumers Cut Back
Corporate Bankruptcies Surge as Consumers Cut Back
July 14, 2024  |  Economy

U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy...

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Revised GDP Data Show Consumer Spending May Be Losing Momentum
Revised GDP Data Show Consumer Spending May Be Losing Momentum
May 30, 2024  |  Economy

Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product...

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Express Files for Bankruptcy as Gen Z Shoppers Redefine Fast Fashion
Express Files for Bankruptcy as Gen Z Shoppers Redefine Fast Fashion
April 22, 2024  |  Retail

With young consumers’ fashion habits rapidly evolving alongside quickly changing social media trends, Express has not been able to keep up. The fast-fashion company, which...

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Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
April 18, 2024  |  Consumer Finance

According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually. In...

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Gen Z Shows Resilience to Inflation but Adjusts Shopping Habits
Gen Z Shows Resilience to Inflation but Adjusts Shopping Habits
December 20, 2023  |  Consumer Insights

Gen Z, born in the late 1990s, is considered the first digitally native generation, with a greater inclination toward online shopping and digital activities and...

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Men With Higher Savings Tend to Splurge More Than Women
Men With Higher Savings Tend to Splurge More Than Women
October 19, 2023  |  Consumer Insights

Consumers who indulge in extravagant spending across various product and service categories typically maintain significantly higher savings. This is one of the key findings in...

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Adding Up Impact of TikTok’s Girl Math on Retail Spending 
Adding Up Impact of TikTok’s Girl Math on Retail Spending 
October 11, 2023  |  Retail

There’s a personal finance trend on TikTok that is reshaping spending habits humorously, and it’s being referred to as “girl math.”  So, what is girl...

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Nearly Half of Consumers Curtail Nonessential Spending to Tackle Holiday-Induced Financial Stress
Nearly Half of Consumers Curtail Nonessential Spending to Tackle Holiday-Induced Financial Stress
September 28, 2023  |  Consumer Insights

The holiday season is a time of joy and celebration, but it can also be a time of intense financial stress for many consumers, especially...

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Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
September 27, 2023  |  Consumer Finance

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60%...

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