For the U.S. consumer, call it a case of digesting the debt that’s already on the books. To that end, the Federal Reserve said Monday (July 10) that growth in consumer credit — as measured across the board — slowed to 1.8% in May, as...
We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt. It’s a change that also signals that consumers are refocusing on controlling the monthly expenses they can control. The Federal...
With inflation driving up costs everywhere, consumers in all income brackets — including those who make more than $250,000 annually — live paycheck to paycheck. PYMNTS’ research finds that 61% of U.S. consumers lived paycheck to paycheck in April 2022, a nine percentage-point increase from...
Mounting inflationary pressures continue to weigh on United States consumers’ economic prospects, even as pandemic restrictions continued to lift in late March 2022. The U.S. government reported that inflation climbed to 8.5% in the past 12 months, with energy and food prices experiencing the most...
