Retailers Face a Spending Squeeze Beyond Struggling Households
By PYMNTS
AI summary of the source article
Over the previous year, consumers living paycheck to paycheck who kept up with bills bought from an average of 1.9 discretionary categories. This compared to 1.6 categories for consumers struggling with bills and 2.5 for those not living paycheck to paycheck.
Key facts
- Consumers living paycheck to paycheck who kept up with bills bought from an average of 1.9 discretionary categories over the previous year.
- Consumers who struggled to pay bills purchased from an average of 1.6 discretionary categories.
- Consumers who did not live paycheck to paycheck bought from an average of 2.5 discretionary categories.
Source excerpt · PYMNTS
Consumers who lived paycheck to paycheck and kept up with their bills bought from an average of 1.9 discretionary categories over the previous year. That put them closer to consumers who struggled to pay bills, who bought from 1.6 categories, than to those who didn’t live paycheck to paycheck, who bought from 2.5. The two […] The post Retailers Face a Spending Squeeze Beyond Struggling Households…