Download !EXCLUSIVE! Consumer Reports July 2022 Pdf
To a large degree, covid continues to influence the experiences of consumers and the industries that cater to them. E-commerce grew massively during the pandemic in part because in many areas it was the only type of commerce available. Some of that boom is subsiding. But what seem like short-term declines may simply be mean regression in the context of long-term growth; 43% of consumers said they plan to increase online shopping in the next six months. These are among the central findings of the latest Global Consumer Insights Pulse Survey, conducted in December 2022 among 9,180 consumers across 25 territories.
Download consumer reports july 2022 pdf
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SAN FRANCISCO, Sept. 27, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 14th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. With inflation reaching a 40-year high in June, nearly all consumers report noticeable increases in the cost of everyday purchases. The Inflation Edition examines the financial lifestyle of U.S. consumers who live paycheck to paycheck, explores how inflation impacts their spending and details saving decisions and how rising prices impact their financial lifestyle.
The research places paycheck-to-paycheck consumers into two categories: those who can pay their monthly bills without difficulty and those who struggle to do so. In August 2022, 41% of consumers were living paycheck to paycheck without difficulty paying their monthly bills, a 10 percentage-point increase from September 2021 and exceeds the 40% of consumers who do not live paycheck to paycheck.
In August 2022, three in five U.S. consumers were living paycheck to paycheck, and close to one-fifth struggled to pay their bills. The share of consumers living paycheck to paycheck has trended upward over time, increasing from 57% in September 2021, and the rise has been strongest across high-income consumers. In August 2022, 45% of those earning more than $100,000 per year were living paycheck to paycheck, a 7 percentage-point increase from 38% in September 2021. Sixty-two percent of consumers annually earning between $50,000 and $100,000 were living paycheck to paycheck, up from 57% in September 2021.
Consumers in the lowest range of the upper income brackets are particularly likely to be sliding toward paycheck-to-paycheck life: 54% of consumers who annually make between $100,000 and $150,000, more than double the median personal income in the U.S., are living paycheck to paycheck, an increase of 7 percentage points from July 2022.
Gas prices explain most of the Consumer Price Index (CPI) increases, and consumers felt the impact across multiple categories, including utilities and groceries. The report finds that 92% of all consumers who purchased products in the last 30 days noticed higher prices in the products they purchased, while 74% of those whose households paid a recurring bill in the last 30 days noted bill increases compared to a year ago. Eighty-three percent of consumers cited very or extremely considerable increases in fuel prices, and 69% said the same about grocery purchases. Additionally, more than 70% of consumers reported increases in utility bills, with 47% considering these hikes very or extremely significant. The next highest increases in consumers' reports include public transportation (45%), education (41%) and personal services (40%).
New Reality Check: The Paycheck-To-Paycheck Report: The Inflation Edition is based on a census-balanced survey of 3,495 U.S. consumers conducted from August 10 to August 29, 2022. The Paycheck-To-Paycheck series expands on existing data published by government agencies such as the Federal Reserve System and the Bureau of Labor Statistics to provide a deep look into the elements that lie at the backbone of the American consumer's financial wellness: income, savings, debt and spending choices. Our sample was balanced to match the U.S. adult population in a set of key demographic variables: 51% of respondents identified as female, 31% were college-educated and 36% declared incomes of more than $100,000 per year. 041b061a72