Subprime Consumers Keep Paying Cards Despite Budget Pressure
By PYMNTS
AI summary of the source article
Subprime consumers continue paying their credit cards despite facing budget pressure for everyday expenses. A study found that 55% of subprime consumers lived paycheck to paycheck with difficulty paying bills in January, compared to 24% across all consumers.
Key facts
- Subprime consumers continue paying their credit cards despite struggling to cover everyday bills.
- 55% of subprime consumers lived paycheck to paycheck with difficulty paying bills in January.
- Across all consumers, 24% lived paycheck to paycheck with difficulty paying bills in January.
Source excerpt · PYMNTS
Subprime consumers continue paying their credit cards even as many struggle to cover everyday bills. PYMNTS Intelligence’s May report, “Who Is the Subprime Consumer? A Behavioral Profile,” found that 55% of subprime consumers lived paycheck to paycheck with difficulty paying bills in January. The comparable share across all consumers was 24%. The report’s February findings […] The post Subprime Co…