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Recent Articles

21% of Consumers Struggled to Pay Bills in Summer 2023: PYMNTS Intelligence Report

21% of Consumers Struggled to Pay Bills in Summer 2023: PYMNTS Intelligence Report

Broke On: Friday, 07 June 2024 In the summer of 2023, over one in five consumers struggled to meet their financial obligations, with low-income individuals experiencing a significant increase. According to PYMNTS Intelligence, 34% of low-income consumers faced bill payment challenges compared to 31% the previous year. Even high-income consumers saw an uptick in struggles, with 13% reporting difficulties compared to 9% in 2022.