Consumer Spending

Bank Earnings to Offer Insight Into Digital Pivots and Loan Charge-Offs
Bank Earnings to Offer Insight Into Digital Pivots and Loan Charge-Offs
January 11, 2024  |  Earnings

Every three months, like clockwork, the earnings roll in. And every three months, the big banks usher in the “official” start of earnings season. Will...

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Grocers Tap Digital Deals to Drive Omnichannel Engagement Amid Ongoing Pressures
Grocers Tap Digital Deals to Drive Omnichannel Engagement Amid Ongoing Pressures
January 11, 2024  |  Retail

As consumers’ grocery budgets continue to be pressured by years of inflation and other economic challenges, merchants are tapping digital deals to drive omnichannel adoption,...

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1 in 4 BNPL Users Would Like Providers to Lower Fees
1 in 4 BNPL Users Would Like Providers to Lower Fees
January 11, 2024  |  BNPL

In recent years, the financial landscape has witnessed a transformative wave with the rise of buy now, pay later (BNPL) as a popular and widely...

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Affluent Consumers Value Security and Rewards When Choosing Credit Cards
Affluent Consumers Value Security and Rewards When Choosing Credit Cards
January 10, 2024  |  Credit Cards

In today’s challenging economic environment, understanding how consumers use credit cards is important. While struggling consumers tend to use credit cards to better manage their...

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Retail Federation Says Consumers Kept Spending in December
Retail Federation Says Consumers Kept Spending in December
January 10, 2024  |  Retail

American retailers had a happy holiday, according to new National Retail Federation (NRF) data. Retail sales — excluding automobiles and gasoline — rose 0.44% seasonally adjusted month over...

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Nearly 1 in 7 Consumers Have Paid for Gasoline in Installments
Nearly 1 in 7 Consumers Have Paid for Gasoline in Installments
January 10, 2024  |  Consumer Insights

Struggling consumers are relying on installment plans for common purchases such as groceries or restaurants to stretch their budgets and make ends meet. With fuel...

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Half of Loyal Customers Have Multiple Subscriptions, Data Shows
Half of Loyal Customers Have Multiple Subscriptions, Data Shows
January 10, 2024  |  Subscriptions

Retail product subscribers’ spending patterns and demographics can vary significantly, and understanding these dynamics can aid providers in minimizing churn and targeting the most valuable...

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Women Likelier Than Men to Cut Back on Grocery Spending
Women Likelier Than Men to Cut Back on Grocery Spending
January 09, 2024  |  Consumer Insights

As consumers continue to see economic pressures eat away at their purchasing power, PYMNTS Intelligence indicated women are more likely than men to cut back...

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Seniors’ Possible Purchasing Power Erosion May Lead to Less Splurging in 2024
Seniors’ Possible Purchasing Power Erosion May Lead to Less Splurging in 2024
January 09, 2024  |  Consumer Insights

Older consumers were able to maintain their purchasing power last year, mainly helped by an 8.7% jump in Social Security benefits that exceeded inflation. This...

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