inflation

Restaurants Feel Pullback as 85% of Consumers Strain Under Inflation
Restaurants Feel Pullback as 85% of Consumers Strain Under Inflation
October 12, 2023  |  Consumer Insights

With consumers overwhelmingly noticing the effects of price increases in their day-to-day lives, per PYMNTS Intelligence, restaurants are seeing diners cut back. By the Numbers...

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Income Lags Behind Inflation as Cash-Strapped Consumers Chase Deals
Income Lags Behind Inflation as Cash-Strapped Consumers Chase Deals
October 12, 2023  |  Consumer Insights

The U.S. economy is facing growing concerns as wages fail to keep up with high inflation, with consumers finding it increasingly challenging to maintain their...

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Report: White House Meeting With Business Leaders to Discuss Economy
Report: White House Meeting With Business Leaders to Discuss Economy
October 12, 2023  |  Economy

President Joe Biden will reportedly meet with a half dozen business leaders from various industries on Thursday (Oct. 12) to hear their perspectives on the economy and...

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No Relief in Sight for Paycheck-to-Paycheck Consumers Amid Inflation
No Relief in Sight for Paycheck-to-Paycheck Consumers Amid Inflation
October 12, 2023  |  Economy

The latest inflation readings are in. While the usual parlor game gets underway of dissecting if the data is better or worse than expectations, and...

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Domino’s: Pickup Sales Continue to Rise as Delivery Falls
Domino’s: Pickup Sales Continue to Rise as Delivery Falls
October 12, 2023  |  Earnings

With consumers continuing to feel the impact of years of inflation, Domino’s Pizza is seeing the trend of preferring more budget-friendly restaurant ordering channels continue....

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From Shopping Hauls to Experiences, Consumers Tap Overbuying Trend 
From Shopping Hauls to Experiences, Consumers Tap Overbuying Trend 
October 12, 2023  |  Retail

We’ve probably all observed the trend in minimalism. One component of the trend focuses on only acquiring essential items. While the minimalist aesthetic has gained...

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US Banks Brace for Surge in Bad Debt Write-Offs
US Banks Brace for Surge in Bad Debt Write-Offs
October 11, 2023  |  Banking

The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan...

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Consumers Don’t Pay Attention to Month-to-Month Grocery Inflation
Consumers Don’t Pay Attention to Month-to-Month Grocery Inflation
October 11, 2023  |  Consumer Finance

Even as monthly grocery inflation eases, PYMNTS Intelligence reveals, consumers are feeling the weight of the past three years of price increases when they go...

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RBC Capital Markets Predicts Luxury Sector Downturn
RBC Capital Markets Predicts Luxury Sector Downturn
October 11, 2023  |  Retail

The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. The investment bank said in a recent note that one of...

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