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Gen Xers’ new round of penny-pinching could be bad news for consumer spending and the economy.
Comprised of around 65 million individuals now age about 46-61, most in their prime earning years, the generational cohort spends more than any other age group. The typical Gen X American spent $96,941 in 2024, $18,000 more than the average consumer, U.S. Bureau of Labor Statistics data shows...
Small businesses are sending lenders the message that credit is broadly within reach, so the real fight is over flexibility and control.
That was the central theme of the PYMNTS Intelligence report “SMB Growth Monitor: Small Businesses, Big Credit Needs,” which drew on a survey of 514 small- to medium-sized business leaders in the United States conducted over the summer.
It found that...
“Wage to Wallet Index: The Divided Recovery: Labor Economy Workers Face an Uncertain 2026” is a collaboration between PYMNTS Intelligence, WorkWhile and Ingo Payments. This month’s report examines the financial outlook of the Labor Economy—roughly 60 million U.S. employees who earn about $25 an hour or less and form the on-the-ground workforce that keeps production, distribution and service...
Amazon reportedly plans to start laying off about 14,000 corporate workers as soon as Tuesday (Jan. 27).
These cuts will be part of the second round of a broader plan to eliminate 30,000 corporate jobs, and they will follow the first round that involved 14,000 layoffs in October, Reuters reported Thursday (Jan. 22), citing unnamed sources.
The latest round is likely to impact four...
Buy now, pay later (BNPL) provider Affirm has partnered with FinTech company Esusu to enable some people to pay their rent in two installments, CNBC reported Thursday (Jan. 22), citing an Affirm spokesperson.
This offering will include 0% interest and no late fees, according to the report.
The companies are running a pilot program and have not announced a launch date, per the report....
A federal judge in California has allowed a consumer antitrust lawsuit against Google to move forward, keeping legal pressure on the default-search payments that steer traffic and advertising dollars across the digital economy.
U.S. District Judge Rita F. Lin declined to dismiss the core federal claims in a proposed class action brought by consumers, while trimming part of the case on...
A recent pattern of transactions on the decentralized blockchain network ethereum suggests that scammers have launched an “address poisoning” campaign, CoinDesk reported Thursday (Jan. 22), citing Citi analysts.
An address poisoning scam is one in which bad actors send small amounts of crypto from wallet addresses that are similar to those frequently used by the victim, in hopes that...
Capital One paired its fourth-quarter earnings report Thursday (Jan. 22) with the announcement of its acquisition of Brex, positioning the deal as a structural move deeper into business banking and payments.
The deal, CEO Richard Fairbank told analysts on the earnings call, expands Capital One’s reach across payables, receivables and spend management. And the transaction, announced...
Predictions about generative artificial intelligence (AI) often focus on extremes, from mass job displacement to sweeping productivity gains. New usage-level data from Anthropic offers a more measured picture of what is happening inside real workflows today.
In its latest Economic Index report, Anthropic analyzes anonymized Claude.ai and first-party API interactions from November 2025...
A week after adding a new Personal Intelligence feature to its artificial intelligence (AI) assistant Gemini, Google has expanded the feature to AI Mode in Google Search.
Google announced the initial launch of Personal Intelligence in a Jan. 14 blog post, saying that when added to Gemini, it personalizes the AI assistant by connecting to Google apps and drawing information from email,...