Consumer Spending

Gen Z Shoppers Bring Social Commerce Into Malls
Gen Z Shoppers Bring Social Commerce Into Malls
April 18, 2024  |  Retail

Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones....

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Nearly 40% of Millennials Rely on Retail Subscriptions for Shopping
Nearly 40% of Millennials Rely on Retail Subscriptions for Shopping
April 18, 2024  |  Retail

Retail subscriptions represent a massive growth opportunity for eCommerce merchants. PYMNTS Intelligence data reveals that more and more consumers are choosing to take advantage of...

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Discover Financial: Inflation Is Pressuring Lower Income Consumers
Discover Financial: Inflation Is Pressuring Lower Income Consumers
April 18, 2024  |  Earnings

The $35 billion deal for Capital One to buy Discover Financial Services remains on track. Get the Full Story Complete the form to unlock this...

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Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
April 18, 2024  |  Consumer Finance

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. Get...

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Fed’s Beige Book Cites Weak Discretionary Spending
Fed’s Beige Book Cites Weak Discretionary Spending
April 17, 2024  |  Economy

Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts....

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Tired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
Tired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
April 17, 2024  |  Retail

After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent...

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Klarna Credit Card to Roll Out in US Within Months
Klarna Credit Card to Roll Out in US Within Months
April 17, 2024  |  Payment Methods

Klarna has opened its waitlist for the new Klarna Card to all U.S. consumers and said the credit card will roll out over the next few months....

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US Bancorp Card Net Charge-Off Rate Hits 4.2%
US Bancorp Card Net Charge-Off Rate Hits 4.2%
April 17, 2024  |  Earnings

U.S. Bancorp said in its latest earnings report that consumers are continuing to boost their credit card loans – and though charge-offs have increased, credit...

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Shoppers Strain Under Burden of Ongoing CPG Price Hikes
Shoppers Strain Under Burden of Ongoing CPG Price Hikes
April 16, 2024  |  Retail

As leading consumer-packaged goods (CPG) brands continue to raise their prices slowly but persistently, shoppers who are on the fence are looking for more affordable...

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