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Inflation Deepens Spending Divide; Gen Z Embraces Alternative Payments

9/24/2025

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Summary

Story summary

The Federal Reserve Bank of Boston (Boston Fed) finds inflation widens spending gaps by income, with higher-income households still spending and lower-income families face strain.
Budgeting apps are increasingly essential, helping users manage debt and track spending.
Generation Z prefers alternative payments, with 63% choosing buy-now, pay-later.
Mobile transactions rise as holiday purchases focus on health and wellness.

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Story summary

The Federal Reserve Bank of Boston (Boston Fed) finds inflation widens spending gaps by income, with higher-income households still spending and lower-income families face strain.
Budgeting apps are increasingly essential, helping users manage debt and track spending.
Generation Z prefers alternative payments, with 63% choosing buy-now, pay-later.
Mobile transactions rise as holiday purchases focus on health and wellness.