PYMNTS-MonitorEdge-May-2024

paycheck-to-paycheck

PYMNTS Intelligence: Consumers Fear Inflation Will Linger for 22 Months — or More
PYMNTS Intelligence: Consumers Fear Inflation Will Linger for 22 Months — or More
September 21, 2022  |  Economy

The Federal Reserve boosted interest rates again on Wednesday (Sept. 21) attempting to beat back rampant inflation — cold comfort to consumers bearing the brunt...

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Credit Card Borrowing Nears Pre-Pandemic Levels
Credit Card Borrowing Nears Pre-Pandemic Levels
September 19, 2022  |  Consumer Finance

There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. And then...

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BofA Delinquent Credit Card Rate Creeps Up in August
BofA Delinquent Credit Card Rate Creeps Up in August
September 15, 2022  |  Credit Cards

Bank of America credit card metrics were mixed in August, with a slightly higher delinquency rate but better net charge-offs, a Seeking Alpha report said...

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How Did $1,400 Become the ‘New’ Average Emergency Expense?
How Did $1,400 Become the ‘New’ Average Emergency Expense?
September 14, 2022  |  Economy

For years, $400 has served as shorthand for the precarious state of the U.S. consumer’s financial health — namely, whether they could afford to meet...

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Healthcare Becomes Fertile Ground for Big Retail’s Payments Ambitions
Healthcare Becomes Fertile Ground for Big Retail’s Payments Ambitions
September 07, 2022  |  Retail

Health care is the space that couldn’t reinvent itself — becoming truly modern — until Big Retail came along to help usher the industry more...

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Study Shows Paycheck-to-Paycheck Consumers Most Willing to Invest in Crypto
Study Shows Paycheck-to-Paycheck Consumers Most Willing to Invest in Crypto
September 02, 2022  |  Cryptocurrency

People having difficulty living paycheck-to-paycheck have 50% more cryptocurrency in their portfolios as people who do not live that way. The percentages are still pretty small...

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Gas Down, Consumer Confidence Up, as People Shop, Plan Vacations
Gas Down, Consumer Confidence Up, as People Shop, Plan Vacations
August 30, 2022  |  Economy

Falling gasoline prices and a dip in the inflation rate put consumers in a slightly better mood this month while helping a private sector gauge...

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Savings Not Enough to Blunt Paycheck-to-Paycheck Pressures
Savings Not Enough to Blunt Paycheck-to-Paycheck Pressures
August 29, 2022  |  Economy

The paycheck-to-paycheck consumer won’t — and in fact, cannot — be saved by savings. Inflation still is rampant, hovering between 8% to 9%, eating away...

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NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates
NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates
August 29, 2022  |  Consumer Finance

In May 2022, the Federal Reserve released the Economic Well-Being of U.S. Households in 2021, the latest edition of an annual report often used in...

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