Consumer Spending

Commerce Dept: People Are Spending More on Gas, Less on Cars

Commerce Dept: People Are Spending More on Gas, Less on Cars
Commerce Dept: People Are Spending More on Gas, Less on Cars
June 30, 2022  |  Consumer Insights

Overall consumer spending fell in May, driven largely by spikes in fuel and housing costs, the U.S. Commerce Department said Thursday (June 30). Get the...

READ MORE >
Today in Data: Declining Consumer Confidence
Today in Data: Declining Consumer Confidence
June 30, 2022  |  Today In Data

Today in data, continued inflation and fears of a recession have contributed to a drop in the Consumer Confidence Index. Get the Full Story Complete...

READ MORE >
RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
June 30, 2022  |  Retail

Hopes for a near-term turnaround in the battered home furnishing category were dashed Wednesday evening (June 29), after high-end retailer RH told investors it expects...

READ MORE >
Today in Data: The Rise of Digital Consumers
Today in Data: The Rise of Digital Consumers
June 29, 2022  |  Today In Data

Today in data, research shows the number of consumers making online food and retail purchases is growing each month. Get the Full Story Complete the...

READ MORE >
58% of Consumers Increased Online Grocery Shopping in Past Year
58% of Consumers Increased Online Grocery Shopping in Past Year
June 28, 2022  |  Commerce Connected

Nearly half of consumers shop for retail products online and nearly one-third shop for groceries online, according to “Satisfaction in the Age of eCommerce,” a...

READ MORE >
BNPL Offers Luxury Sales Lifeline as Economic Storm Gathers
BNPL Offers Luxury Sales Lifeline as Economic Storm Gathers
June 28, 2022  |  BNPL

When the recession hits — and a recession is looking more and more like a matter of when, not if — spending on luxury retail...

READ MORE >
PYMNTS AM Radar: Walk This Way; Customization with APIs; Dining Loyalty; Paycheck to Paycheck Disruption; ICYMI
PYMNTS AM Radar: Walk This Way; Customization with APIs; Dining Loyalty; Paycheck to Paycheck Disruption;...
June 27, 2022  |  Consumer Finance

Today is Monday (June 27), and pending home sales data being released this morning are expected to show a 4% drop, the seventh straight month...

READ MORE >
Dutch Payments Association GM Says ‘Positive Friction’ Will Protect BNPL Users
Dutch Payments Association GM Says ‘Positive Friction’ Will Protect BNPL Users
June 24, 2022  |  BNPL

For an industry that’s typically laser-focused on frictionless services, it’s rare to hear calls for any sort of friction — let alone that it’s good...

READ MORE >