The latest data on personal consumption notes that spending is outpacing the growth in disposable income. And as a result, consumers are dipping into savings to keep their spending apace. The latest personal income expenditures (PCE) price index from the Bureau of Economic Analysis indicates...
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 other words, higher incomes do not necessarily protect people from the financial stress that comes from living from one paycheck...
Takeaways from the Federal Reserve Bank of New York’s March Survey of Consumer Expectations include emerging concerns about debt. Consumers haven’t budged in their expectations about inflation — at least in terms of the one-year outlook. But they’re incrementally more worried about job security — and...
Recent economic data from this week give ammunition to the argument that paying for groceries over time will be a long-standing trend. As noted in this space, PCE data released Thursday (Feb. 29) noted that inflation is slowing, at least overall. But food is pricier...
April 18, 2024
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 other words, higher incomes do not necessarily protect people from the financial stress that comes from living from one paycheck to the next. In fact, according to a recent edition […]
November 29, 2023
The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the third quarter. That’s up from...
November 23, 2023
In today’s challenging economic climate, many consumers find themselves living paycheck to paycheck and struggling to make ends meet. This is why a significant number of these consumers have turned...
November 20, 2023
Consumers are a resourceful lot and will do what they must to make ends meet, even if it means splitting up the weekly grocery bill into more manageable chunks. PYMNTS...
June 10, 2024
Consumers are more confident about the prospects for their household’s financial situation and the stock market than they’ve been in three years. The share of consumers who expect their financial situation to be the same or better off 12 months from now — 78.1% — is the highest it’s been since June 2021, the Federal […]
February 02, 2024
Consumer sentiment has reached its highest level since July 2021, with consumers expecting improvements in both inflation and personal incomes. The index reached this level with a 13% month-over-month improvement...
October 04, 2023
More and more Americans are seeing income levels drop, a new labor market survey shows. As Bloomberg News reported Wednesday (Oct. 4), a survey by Morning Consult finds that the share of consumers with...
February 13, 2023
Consumers’ confidence in income growth took a hit in January. Their median expected growth in household income dropped by 1.3 percentage points — the largest one-month drop seen in 10...
