New Data Shows Why One Consumer Economy Has Become Three

Consumer spending has become less about confidence and more about financial capacity, and that shift is giving banks and payments providers a clearer map of growth opportunities. That is one of the clearest messages from “ The Three-Speed Consumer Economy: How Financial Capacity Is Rewriting Spending Behavior ,” the latest Consumer Expectations Index from PYMNTS Intelligence. Traditional measures of consumer confidence no longer tell the full story, with American consumers largely fitting into t