inflation

More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
January 30, 2023  |  Economy

Consumers are anticipating another year of cutbacks, traded downs, and forgoing a variety of purchases as inflation continues to impact retail decisions. For insights into...

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Frictionless Bill Pay Makes a Difference When Consumers Consider Skipping a Payment
Frictionless Bill Pay Makes a Difference When Consumers Consider Skipping a Payment
January 30, 2023  |  Consumer Payments

As the inflationary vice tightens, more Americans are making partial bill payments or skipping some months altogether. This was among the findings in “The One-Stop...

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More than Half of High-Income Consumers Now Live Paycheck to Paycheck
More than Half of High-Income Consumers Now Live Paycheck to Paycheck
January 30, 2023  |  Consumer Finance

As we move into 2023, inflation and economic uncertainty remain top concerns for most U.S. consumers. In the past 12 months, increasing prices for everything...

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Report: Global Smartphone Sales See Largest Drop Ever
Report: Global Smartphone Sales See Largest Drop Ever
January 29, 2023  |  Consumer Insights

Smartphone sales fell worldwide last year as consumers grew more cautious in their spending. That’s according to a recent report by market research firm IDC, which...

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Consumers May Be Pinched as Interest Payments Increase
Consumers May Be Pinched as Interest Payments Increase
January 27, 2023  |  Economy

Consumers are still spending, but the question remains: For how long? Recent earnings results from the payments networks — Visa, Mastercard and American Express —...

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Personal Spending Slips for Second Consecutive Month
Personal Spending Slips for Second Consecutive Month
January 27, 2023  |  News

Personal spending fell 0.2% in December in the second month of declines. The Bureau of Economic Analysis (BEA) reported Friday (Jan. 27) that the December...

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Colgate-Palmolive Sees Trade-Down Continuing as Competitors Say Otherwise
Colgate-Palmolive Sees Trade-Down Continuing as Competitors Say Otherwise
January 27, 2023  |  Earnings

As some CPG companies say private-label growth has stalled or reversed, Colgate sees its continuance. On a call with analysts Friday (Jan. 27) discussing the...

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Nearly 60% of Restaurants’ Best Customers Cutting Back on Tips
Nearly 60% of Restaurants’ Best Customers Cutting Back on Tips
January 27, 2023  |  Restaurant innovation

Few things are more enjoyable than a pleasant meal at a favorite restaurant, but consumers have had to contend with bigger checks of late, which...

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McCormick Sees Private-Label Trend Reversing as Inflation Slows
McCormick Sees Private-Label Trend Reversing as Inflation Slows
January 26, 2023  |  Earnings

After months of trade-down to private-label groceries, McCormick said shoppers are returning to name brands. The spices and flavorings giant, which brings in more than...

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