Consumers’ guide to credit card use: balancing perks with financial health
“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss why “Bidenomics” isn’t being embraced by voters. Credit cards have become a staple in American finances as individuals look for ways to gain financial benefits for the present and future. Regardless of age or income, credit card usage is common in the United States. By […]
More consumers say they're concerned about making ends meet: Survey
a Recent Research The Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that more consumers say they are worried about making ends meet. In April, 36.8% of consumers said they were worried about making ends meet over the next 7 to 12 months, compared to 34.8% who said the same in January. “The increase […]
Hooters Shutters Dozens of Locations as Inflation Plagues Consumers
Hooters has closed dozens of locations as inflation continues to weigh on people and businesses in President Joe Biden’s America. Hooters spokesperson Said of New York Post “Like many restaurants feeling pressured by current market conditions, Hooters has made the difficult decision to close certain restaurants,” the company said Monday. The company has closed about […]
Consumers are turned off by AI-generated content in media
A recent survey revealed that more consumers are against watching and consuming content generated by artificial intelligence than in favor. However, it is becoming more acceptable for everyday tasks to be performed by AI and non-human content, such as games and animations. A survey of U.S. consumers by Variety Intelligence Platform and HarrisX revealed stark […]
Millennials, Gen-Xers Now Bigger Toy Consumers Than Preschoolers In New Trend
For the first time, a new study shows that demand for toys from enthusiasts over the age of 18, specifically millennials and Gen-Xers, has surpassed that of preschoolers, generating $1.5 billion in sales from January to April, according to a new study. Popular online toy influencer Dan Larson told The New York Post when asked […]
Grown-ups surpass preschoolers as the biggest toy consumers
Jay Glatfelter spends about $4,800 a year on toys: $2,400 for himself and another $2,400 on birthday and Christmas gifts for his two sons, ages 6 and 10. A 39-year-old tech salesperson who moonlights as a toy influencer Geek.Dad.Lifeare part of a burgeoning group of adults spending big bucks to collect action figures, trading cards […]
Inflation Cools More Than Expected, Providing Relief for Consumers and the Fed
The US received good inflation news on Wednesday, which could pave the way for interest rate cuts this year. According to the Labor Department, the consumer price index rose 3.3% year-on-year in May, down from 3.4% in April. report. The “core” index, which strips out volatile food and energy prices and gives a clearer picture […]
Consumers want credit products despite high interest rates: TransUnion
Consumers’ access to credit is expanding as their appetite for debt soars, according to a recent TransUnion report. (iStock) A recent report from TransUnion found that the high interest rate environment has done little to reduce demand for credit products. According to the report, there will be more than 543 million bank cards in consumers’ […]
Consumers discouraged by high interest rates and deteriorating financial health: study
More consumers are considered financially unsound than last year. (iStock) Inflation and the pandemic have driven up interest rates and lowered consumer satisfaction, with roughly 73% of consumers with loans classified as financially unhealthy. J.D. Power Consumer Lending Satisfaction Survey found. Last year, 67% of consumers fell into a similar category, indicating that times remain […]
Costco revenue beats estimates as cash-strapped consumers look for deals on groceries, discretionary items
Costco gold buyer Blaine Silverman explains why he jumped on the frenzy and why investors should consider buying into the precious metal. Costco Wholesale Inc. on Thursday reported better-than-expected third-quarter sales as cash-strapped consumers flocked to the company’s warehouses for low-priced groceries and discretionary items. The membership retailer credited solid demand for grocery and bakery […]