Government data confirms what consumers already know: Market and Main Street stabilization may be further off than previously thought. The Bureau of Economic Analysis (BEA) released its Q1 2023 GDP advance estimate report Thursday (April 27), and the numbers indicate a tumultuous economic landscape may...
At first glance, it may seem like the economy is finally edging towards recovery, albeit uneven. After all, the latest inflation release reports that some categories are ticking down enough to lower the overall inflation rate, although the rates for consumer essentials such as groceries remain persistently...
Consumers’ financial well-being has been strained as housing costs outpace both inflation and wages. PYMNTS’ most recent “Consumer Inflation Sentiment” report examines this issue across age and income demographics as owning or renting on one’s own becomes increasingly out of reach for many Americans. The share...
April 06, 2023
At first glance, it may seem like the economy is finally edging towards recovery, albeit uneven. After all, the latest inflation release reports that some categories are ticking down enough to lower the overall inflation rate, although the rates for consumer essentials such as groceries remain persistently high. Personal savings rates are creeping up to over just half of […]
