paycheck-to-paycheck

Discretionary Spending Pullback May Paint Clearer US Economic Picture
Discretionary Spending Pullback May Paint Clearer US Economic Picture
March 03, 2023  |  Connected Economy

Sometimes it just comes down to the cold, hard numbers. Three department stores, along with Best Buy, released their earnings this week, and the news was pretty grim when...

READ MORE >
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
February 28, 2023  |  Consumer Finance

Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...

READ MORE >
Financial Health Finds New Followers in 16% of High-Earners Struggling to Pay Bills
Financial Health Finds New Followers in 16% of High-Earners Struggling to Pay Bills
February 27, 2023  |  Consumer Finance

Consumers whose annual incomes exceed $100,000 are hardly skating through current economic conditions. In fact, data shows that as of December, 16% of high-income consumers...

READ MORE >
American Car Center Shutters as Auto Loan Delinquencies Rise
American Car Center Shutters as Auto Loan Delinquencies Rise
February 26, 2023  |  Retail

Subprime lender American Car Center has reportedly closed amid a rise in auto loan delinquencies. The Memphis-based used car seller notified employees Friday (Feb. 24)...

READ MORE >
CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
February 22, 2023  |  Economy

Keeping the lights and the cell phones on are proving a challenge for cash-strapped consumers. As PYMNTS has found, those obligations are among the most...

READ MORE >
Inflation-Stressed Consumers Miss Credit Card Payments
Inflation-Stressed Consumers Miss Credit Card Payments
February 21, 2023  |  Connected Economy

If missed bill payments indicate consumers’ lacking economic security, we may be in for a bumpy ride.  Last week’s news about January’s consumer spending sharply up from the previous...

READ MORE >
Hotel Chains Predict a Busy 2023 Despite Rising Prices
Hotel Chains Predict a Busy 2023 Despite Rising Prices
February 19, 2023  |  Consumer Insights

America’s hoteliers are projecting a busy year despite rising prices for travel and dining. That’s according to a Sunday (Feb. 19) report by The Wall...

READ MORE >
Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
February 15, 2023  |  Personal Loans

For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is...

READ MORE >
Digital Banks May Benefit as Consumers Chase High-Yield Savings
Digital Banks May Benefit as Consumers Chase High-Yield Savings
February 14, 2023  |  Digital Banking

There’s never been a better time for digital-first financial institutions (FIs), as customers are pulling their savings from big banks. The opposite seemed true just...

READ MORE >