Gen Z Wants to Buy Cars Most — but Buys Them Least
Despite being the most enthusiastic savers for new cars, Generation Z struggles the most with vehicle purchases due to financial constraints.
Source: pymnts.com
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Consumers Splurge on Specialty Fashion Brands Amid Inflation
U.S. consumers are becoming more discerning in their retail indulgences, shifting away from major retailers toward smaller brands.
Source: pymnts.com
Consumers Pay Down Some Credit Card Debt in April
The Federal Reserve found that auto loans and non-revolving obligations were higher in April, but credit card balances slipped.
Source: pymnts.com
Amazon, Walmart Aim to Retain Shoppers Amid Luxury Push
As Amazon and Walmart go after high-income shoppers, their battle for market dominance requires a delicate balance.
Source: pymnts.com
34% of Gen Zers Say Splurging Contributes to Financial Distress
More than one-third of Gen Z consumers admit nonessential purchases add to their woes, PYMNTS Intelligence finds.
Source: pymnts.com