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☆ Raising your credit score can help you save $92 per month, report finds. Here are some expert tips
▼ + stars: | 2024-02-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair (580 to 669) to very good (740 to 799) may help you save $22,263 over the life of your credit and loans, according to a new LendingTree study. Overall, consumers stand to save an extra $92 per month, LendingTree estimates, based on four common debt types: auto loans, credit cards, mortgages and personal loans. "There is little in life that's more expensive than crummy credit," said Matt Schulz, chief credit analyst at LendingTree. "It's a big deal, especially when you consider what else you could do with that extra money," Schulz said.

Persons: LendingTree, Matt Schulz, Schulz, Bruce McClary, McClary Organizations: LendingTree, Finance, Social Security, National Foundation, Credit

☆ Capital One to Acquire Discover, Creating a Consumer Lending Colossus
▼ + stars: | 2024-02-19 | by ( Lauren Hirsch | Emma Goldberg | ) www.nytimes.com time to read: +1 min

Capital One announced on Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card companies in the United States. “A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller,” said Matt Schulz, chief credit analyst at LendingTree. Capital One, with $479 billion in assets, is one of the nation’s largest banks, and it issues credit cards on networks run by Visa and Mastercard. Acquiring Discover will give it access to a credit card network of 305 million cardholders, adding to its base of more than 100 million customers. The country’s four major networks are American Express, Mastercard, Visa and Discover, which has far fewer cardholders than its competitors.

Persons: ”, Matt Schulz, Jesse Van Tol Organizations: Discover Financial Services, LendingTree, Visa, Mastercard, Discover, American Express, National Community Reinvestment Coalition Locations: United States

NEW YORK (AP) — The mild-mannered Franklin — the first Black character in the “Peanuts” comic strip — gets to shine in his own animated Apple TV+ special this month in a story about friendship. Franklin is a newcomer who bonds with Charlie Brown and is welcomed to the Peanuts universe in “Snoopy Presents: Welcome Home, Franklin," which premieres on Friday. Franklin and Charlie Brown soon enter a soap box derby competition and their friendship is tested before a deep bond is forged. In the new special, Franklin is specifically asked to come sit with his new pals on their side during a pizza party celebration. So to have him years later spotlight Franklin in a TV special seems almost divine intervention.

Persons: Franklin —, Franklin, Charlie Brown, Robb Armstrong, Charles Schulz, ”, Armstrong, Scott Montgomery, ” “, Stevie Wonder, Little Richard, James Brown, John Coltrane, he's, Linus, he’s, Raymond S, ” Franklin, Schulz, Martin Luther King Jr, Charlie Brown’s, Charlie Brown's, “, “ They’re, Persi, Mickey Mouse, Jeff Morrow, Berry's, Johnny B, Goode, Billy Preston, Coltrane, ” Armstrong, —, revering Schulz, someone’s, I’m, ” ___ Mark Kennedy Organizations: Apple Locations: Franklin

☆ Marriage is hard, but these 3 couples share what makes their decades-long relationships so successful
▼ + stars: | 2024-02-14 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Read previewIf one wanted to be cynical about the length of today’s romantic relationships, it wouldn’t be hard. At first glance, they’re all quite different: Rita Smith and Theodore Smith, Sr. are devout Christians in New Orleans, Louisiana who speak openly about their sex life on TikTok . Yet for all their differences, the couples all share some core commonalities that make their relationships so successful. “It gets you stimulated, and when you do go home, the next thing you know you want to take your bath and be sexual again,” Rita Smith, 62, said. “I like to have this pink piece around my neck, it just makes me feel more sexy,” Rita Smith said.

Persons: —, centenarians, ”, Robert Waldinger, Marc Schulz, who’ve, Rita Smith, Theodore Smith, Beverly Palmer, Dr, Richard C, Palmer, Bert Morton, Lee Korty, Bryan Tarnowski, Rita, “, ” Rita Smith, Richard, ” Bert Morton, ” Morton, Peyton Fulford, Morton, Korty, ” Korty, Beverly, ” Beverly Palmer, Jess T, Dugan, ” Theodore Smith Organizations: Service, Business, ” Harvard, BI, Palmers, Smiths Locations: New Orleans, Louisiana, California, Springfield , Illinois

☆ Americans have $1.13 trillion in credit card debt. Here are some expert tips to help pay yours off
▼ + stars: | 2024-02-12 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Collectively, Americans now owe $1.13 trillion on their cards, and the average balance per consumer is up to $6,360, both historic highs. More from Personal Finance:Average credit card balances jump 10% to a record $6,360Credit card debt hits a 'staggering' $1.13 trillionAmericans can't pay an unexpected $1,000 expense Already, credit cards are one of the most expensive ways to borrow money. The average credit card charges a record high 20.74%, according to Bankrate. Try a 0% balance transfer credit card "My favorite tip is to sign up for a 0% balance transfer credit card," said Ted Rossman, senior industry analyst at Bankrate. Those offers are "just about the best tool you have against credit card debt," added Matt Schulz, chief credit analyst at LendingTree.

Persons: Achilles, Tomas Philipson, Philipson, Ted Rossman, Matt Schulz Organizations: University of Chicago, White House Council, Economic Advisers, Finance

☆ Why is Travis Kelce so concerned about my credit score?
▼ + stars: | 2024-02-06 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

And now, he would like to talk about everybody's — credit scores. It's the type of message that can briefly fill you with panic since credit scores can make or break your financial life. The checking account and debit card are pretty vanilla, and Boost doesn't guarantee a higher credit score. America is filled with people with bad credit scores who want to improve, and probably a lot of them are football fans. "But America is filled with people with bad credit scores who want to improve, and probably a lot of them are football fans."

Persons: Travis Kelce, Taylor, He's, It's, Experian, Kelce, Katie Stratman, it's, isn't, Matt Schulz, Aaron Klein, Rajiv Bhatia, Chi Wu, Swift, —, Klein, Emily Stewart Organizations: Kansas City Chiefs, American Express, Chiefs, Netflix, Citibank, Brookings Institution, Treasury, Morningstar, National Consumer Law Center, Capital, Business Locations: Experian, America

☆ Credit card and auto loan delinquencies are the highest in more than a decade
▼ + stars: | 2024-02-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

New York CNN —Americans — particularly Millennials and those with lower incomes — are becoming increasingly overextended financially: Credit card and auto loan delinquencies have not only surpassed pre-pandemic levels, they’re the highest they’ve been in more than a decade. Debt balances increased across the board, with credit card balances rising $50 billion to hit a new nominal high of $1.13 trillion (when adjusting for inflation, balances have yet to surpass the levels seen in 2008). “Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” Wilbert van der Klaauw, economic research adviser at the New York Fed, said in a statement. “The delinquency numbers are pretty eye-opening, especially when it comes to credit cards,” Matt Schulz, chief credit analyst at LendingTree, told CNN via email. Student loan delinquencies will not be reported to the credit bureaus until later this year.

Persons: ” Wilbert van der, Matt Schulz, “, delinquencies Organizations: New, New York CNN, Federal Reserve Bank of New, York Fed, New York Fed, CNN Locations: New York

☆ Credit card debt hits a 'staggering' $1.13 trillion. Here's why so many Americans are under pressure
▼ + stars: | 2024-02-06 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023, the New York Fed found. As the federal funds rate rose, the prime rate did, as well, and credit card rates followed suit. Why credit card debt keeps rising"Even though $1 trillion in credit card debt is a staggering number to wrap your brain around, the unfortunate truth is that it is only going to keep climbing from here," said Matt Schulz, chief credit analyst at LendingTree. Despite the steep cost, consumers often turn to credit cards, in part because they are more accessible than other types of loans, Schulz said. What to do if you're in credit card debt

Persons: millennials, Wilbert van der, Matt Schulz, Schulz Organizations: Federal Reserve Bank of New, New York Fed Locations: Federal Reserve Bank of New York

The NHL isn't the only one who uses the All-Star Game as a lab to test different things that could find its way into the game in the future. This weekend's events in Toronto are also a chance for ESPN and Sportsnet to experiment with coverage ideas that could be implemented down the line during the regular season and Stanley Cup playoffs. The biggest change the league and ESPN implemented is the retooled skills competition on Friday night. The skills competition will be broadcast on ESPN, and Saturday afternoon's All-Star Game will be on ABC. The network and NHL are hoping ratings for the All-Star Game continue to rebound.

Persons: ”, Linda Schulz, It's, Schulz, John Buccigross, He's, “, Subban, ” Steve Mayer, ___ Organizations: NHL, ESPN, Sportsnet, Stanley, ABC Locations: Toronto

☆ Should you pay rent with a credit card? 'It could rapidly spiral,' expert warns
▼ + stars: | 2024-01-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Housing is typically one of the biggest expenses in someone's budget, and it's natural to wonder about the best way to pay that bill. For renters, sometimes it's possible to pay with a credit card. While you could earn rewards and build credit by doing so, experts say it's typically not a smart move. They simply "may not want the hassle," said Matt Schulz, senior credit analyst at LendingTree. Here are three things to consider before you charge your rent payment to a credit card.

Persons: Susan M, Matt Schulz Organizations: Wharton School, University of Pennsylvania, Finance, LendingTree

☆ Gen Z, millennials are less worried about fraud than older generations. But they have a unique risk
▼ + stars: | 2024-01-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Younger adults are less worried about financial fraud than are older generations, a recent study found. Only 15% of Gen Z and 20% of millennials are concerned about falling victim to stolen money or assets through deceptive tactics, according to a Bank of America Better Money Habits survey of 1,000 respondents. By comparison, about 27% of Gen X and 27% of baby boomers feel at risk of fraud. But that doesn't mean younger generations can't experience severe consequences, said Matt Schulz, chief credit analyst at LendingTree. Financial fraud is a really big deal and can be really impactful," Schulz said.

Persons: X, Jennifer Ehresman, millennials, Ehresman, Matt Schulz, Schulz Organizations: Bank of America, Finance, Gen

☆ Paying rent usually won't boost your credit score. Here's what renters need to know to make it count
▼ + stars: | 2024-01-20 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Luis Alvarez | Digitalvision | Getty ImagesWhile rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that. But these services don't all operate the same way, and some may have less value for renters. There are also services geared to landlords that offer rent reporting for tenants, including ClearNow, Esusu and PayYourRent. Landlords usually shoulder the cost of these programs, but there may be processing fees depending on how you make your rent payments. When rent payments are included in credit reports, consumers see an average increase of nearly 60 points to their credit score, according to a 2021 TransUnion report.

Persons: Luis Alvarez, —, Matt Schulz, Michael Sherman, Schulz Organizations: Digitalvision, Finance, Zillow, Zillow Group

A judge granted Oregon State and Washington State a preliminary injunction Tuesday in their legal battle with 10 departing Pac-12 schools, giving the Pacific Northwest rivals control of the conference and millions of dollars in assets. “Oregon State and Washington State will be the sole members of the board,” Libey said, ruling quickly after hearing arguments for about 2 1/2 hours. Political Cartoons View All 1247 ImagesThe outgoing Pac-12 schools said they will appeal the ruling. Washington State athletic director Pat Chun and university president Kirk Schulz attended the hearing, along with Barnes. The clock is ticking for Oregon State and Washington State to make definitive plans for next season.

Persons: Jayathi Murthy, Scott Barnes, Gary Libey, ” Libey, “ Nothing's, “, Pat Chun, Kirk Schulz, Barnes, Chun, Schulz, George Kliavkoff, Eric MacMichael, Libey, ” MacMichael, we’re, Ralph D, Russo Organizations: Oregon State, Washington State, Oregon, ”, Court, Washington State's Pullman, Washington, UCLA, Big, USC, Washington Supreme, ACC, NCAA, AP Locations: Pacific Northwest, Whitman County, Washington State's, Oregon, Southern California, Washington, ”

☆ As more consumers struggle with credit card debt, here's what to know heading into the holiday season
▼ + stars: | 2023-11-08 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +3 min

That climbing "credit card delinquencies" rate may trend higher this holiday season. Knowing what the words credit card delinquencies mean is important because being delinquent or late with card payments can lower your credit score. Annual percentage rate (APR)If you're paying for holiday purchases with a credit card, you should know the annual percentage rate, or APR, on it before you buy. The average APR on a credit card is more than 21%, according to Bankrate, and nearly 30% for retail store credit cards. A LendingTree survey of 100 cards found some retail cards can have interest rates as high as 35%.

Persons: Matt Schulz, LendingTree Organizations: Federal Reserve Bank of New

☆ We are going to see delinquencies continue to rise, says LendingTree's Matt Schulz
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are going to see delinquencies continue to rise, says LendingTree's Matt SchulzMatt Schulz, LendingTree chief credit analyst, and CNBC's Steve Liesman join 'The Exchange' to discuss the jump in delinquency rates from the second quarter, the health of the consumer, and more.

Persons: LendingTree's Matt Schulz Matt Schulz, LendingTree, Steve Liesman

Nov 4 (Reuters) - The Gay Games Hong Kong (GGHK) kicked off on Saturday, its first time in Asia, despite opposition from anti-LGBTQ lawmakers and human rights activists. The opening ceremony began with a march-in by the GGHK, Federation of Gay Games, and delegations from around the world, followed by performances including the Hong Kong lion dance. "The holding of the Gay Games in Hong Kong is strong testimony to the diversity, inclusion, and unity of our city," Ip said in her welcoming speech. Five Hong Kong human rights activists also called for the Games to be cancelled in June, saying organisers "have aligned themselves with pro-authoritarian figures responsible for widespread persecution against the people of Hong Kong". Taiwan is not sending athletes to Hong Kong but to Guadalajara, citing security concerns over the NSL.

Persons: Lisa Lam, Lam, GGHK, Regina Ip, Ip, Junius Ho, John Lee, ”, Gerrit Schulz, Jessie Pang, Dorothy Kam, Giles Elgood Organizations: Gay Games, Gay Games Hong Kong, of Gay Games, National Security Law, Beijing, NSL, Games, Thomson Locations: Gay Games Hong, Asia, Hong Kong, Mexican, Guadalajara, Beijing, Taiwan, China, Berlin

☆ Federal Reserve Meeting Fed Expected to Keep Rates on Hold
▼ + stars: | 2023-11-01 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +7 min

The Fed last raised its benchmark rate, the federal funds rate, in July to a range of 5.25 to 5.5 percent. In recent weeks, the long-term market rates that influence many types of consumer and business loans have drifted higher, even as the Fed left its key rate on hold. Car LoansHigher loan rates have been dampening auto sales, particularly in the used-car market, because loans are more expensive and prices remain high, experts said. Used-car rates were even higher: The average loan carried an 11.4 percent rate in September, matching a high set earlier in the year. Home-equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.

Persons: ”, Anna N’Jie, Bankrate.com, Matt Schulz, Jonathan Smoke, that’s, Freddie Mac, Ken Tumin, DepositAccounts.com Organizations: Federal Reserve, Fed, Re, LendingTree, Cox Automotive, Treasury, Savings Vehicles Savers, Consumers, DepositAccounts.com Locations: LendingTree

☆ Look of the Week: LeBron James flies the flag for the man bag
▼ + stars: | 2023-10-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Four-time NBA champion LeBron James is the latest male celebrity to be spotted out and about wearing a high-fashion bag. James arrived in Denver wearing a green Louis Vuitton Speedy bag. Jacob Elordi was seen this summer in an array of it bags, including this burgundy Valentino Loco bag. Indeed, men wearing bags are consistently the butt of jokes in internet memes, comic strips, and even stand-up comedy sets. Doubtless it’s a dedication appreciated by the likes of James, Elordi, A$AP and Tyler, whose street style looks contribute further proof — were any needed — that man purses are enjoying a newfound socio-cultural appreciation.

Persons: LeBron James, James, Louis Vuitton, Garrett Ellwood, Kim Kardashian, Rihanna, Jacob Elordi, Sofia Coppola’s, “ Priscilla ”, Burberry Sanford, Valentino, James ’, “, ”, Tyler, — Tyler, Alessandro Levati, Joey, Chandler, Ross, Andrew Schulz, Rocky, Jackson Lee, Pharrell, Elordi Organizations: CNN, Ball, LA Lakers, Denver’s Nuggets, Burberry, tote, GQ Magazine, Louis Vuitton Locations: Denver , Colorado, Denver, bro

☆ The Federal Reserve may not hike interest rates next week, but consumers are unlikely to feel any relief
▼ + stars: | 2023-10-27 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

After the previous rate hikes, the average credit card rate is now more than 20% — an all-time high. Even without a rate hike, APRs may continue to rise, according to according to Matt Schulz, chief credit analyst at LendingTree. As the federal funds rate rose, the prime rate did, as well, and these rates followed suit. Federal student loans are now at 5.5%Federal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves. But undergraduate students who take out new direct federal student loans are now paying 5.50% — up from 4.99% in the 2022-23 academic year and 3.73% in 2021-22.

Persons: Chris Wattie, Matt Schulz, Sam Khater, Freddie Mac's Organizations: Reuters, Treasury, Auto

☆ Shoppers have choices when it comes to payment plans. Here's how to pick between buy now, pay later and retail credit cards
▼ + stars: | 2023-10-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Using financing deals from retail credit cards also allows you to take an item home immediately after purchase, but they operate differently than BNPL plans and serve different purposes. Buy now, pay later deals can buy you 'a little extra time'"If you need a little extra time to pay something off, then a 'buy now, pay later' loan can be a really appealing thing," said Schulz. In addition, retail credit card accounts — especially newly opened ones — often include "deferred" or zero interest promotions. How BNPL, retail cards can affect your creditHoliday debt can be very sticky for cardholders. Actually, sign-ups for retail credit cards consistently spike every year in the fourth quarter, specifically November and December, according to credit bureau company Equifax.

Persons: Matt Schulz, Schulz, That's, Sara Rathner, Rathner, NerdWallet Organizations: Finance, LendingTree, Retail

☆ Credit card users paid $130 billion in fees, interest in 2022, federal watchdog says
▼ + stars: | 2023-10-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Proposed changes are meant to fill gaps in the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act. The law imposed guardrails on credit card companies such as price controls on penalty fees and specific conditions in which they can be charged. However, there is no restriction on how much APR a company can charge nor language on late fees. How to minimize credit card fees, interestCardholders who carried a balance paid about 20% of their average statement balance in interest and fees last year, the CFPB found. WalletHub estimates that cardholders paid on average $76.27 in fees and interest per credit card account in the fourth quarter of 2022.

Persons: Biden, Schulz, it's, " Schulz, cardholders, Autopay, Matt Schulz, Sara Rathner Organizations: Consumers, Federal Trade Commission, Istock, Getty

☆ A risk of 'cash stuffing:' You may forgo ‘the easiest money you are ever going to make,’ says analyst
▼ + stars: | 2023-10-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Daniel Grill | Getty ImagesHow cash stuffing worksAfter gaining popularity on TikTok, more young adults are trying the so-called envelope method, or "cash stuffing," to stay on budget and out of debt. The premise is simple: Spending money is divided up into envelopes representing your monthly expenses, such as groceries and gas. When the cash in one envelope is spent, you're either done spending in that category for that month, or you need to borrow from another envelope. Some downsides of keeping cashStashing cash not only forgoes the protections that come with consumer banking, it may also leave you vulnerable to theft. Vet financial advice from social mediaFor consumers in search of sound financial advice, "there is a tremendous amount of education out there," said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.

Persons: Daniel Grill, Ted Rossman, it's, McBride, we've, Matt Schulz, Schulz, Howard Dvorkin Organizations: FDIC

☆ $100 billion property giant Prologis sealed a huge EV charging station deal. It hints at a new opportunity for real estate investors.
▼ + stars: | 2023-10-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +16 min

Late last year, it installed 38 chargers for electric trucks operated by Maersk at two sites in the Los Angeles area. There were 1.8 million conventional medium and heavy duty commercial vehicles operating in the state in 2021, according to data from the California Air Resources Board. Arnold said electric charging sites might be more lucrative than traditional industrial outdoor storage properties. The EV-charging business' chicken-and-egg problemOne of the biggest constraints to the development of charging sites is the availability of power. PDS operates about 320 diesel rigs, Gillis said, but because of the rules, will purchase "20 to 30 electric trucks" a year to steadily electrify its fleet.

Persons: Henrik Holland, John O'Leary, O'Leary's, Holland, Crawford Arnold, Arnold, Southern California Reuters Arnold, Vernon, Rivian, Gage, Zeina, Azzi, she'd, Jim Hurless, Hurless, Michael Bresnahan, Bresnahan, Elon Musk, Tesla, Greg Pearson, Pearson, Frank Schulz, Marijan Murat, Jim Gillis, Gillis, Emil Abdelshehid, We're, Nikola, Moshe Cohen, Cohen Organizations: Shell, Prologis, Maersk, Daimler Truck North, Mercedes, Freightliner, Government, California Air Resources Board, US Department of Energy, IOS, Investors, Shipping, Southern California Reuters, Amazon, FedEx, UPS, Colorado ., Chateau Energy Solutions, Tesla, Klabin, Getty, Los, Pacific Drayage Services, Los Angeles Department of Water, PDS, Volvo, Inc Locations: Southern California, Danish, Los Angeles, Long, Los Angeles County, Torrance, Daimler Truck North America, California, Vernon, of Long Beach, Newark , New Jersey, Texas, New York City, New Jersey, Colorado, Inland, Fontana, San Bernardino, Brooklyn

☆ These credit cards have had 'increasingly notable' high rates, analyst says. What to know before you shop
▼ + stars: | 2023-10-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

"We've seen all types of credit card rates go up in recent years, but store cards have been increasingly notable," said Ted Rossman, senior industry analyst at Bankrate. "It's becoming way more common for many credit cards to have that as a possible standard rate," Schulz told CNBC in a previous interview. watch nowYet, about 74% of 2023 holiday shoppers still plan on using credit cards to buy gifts this year, NerdWallet found. 'These 0% promos are very dangerous'Retail credit cards will oftentimes offer a 0% interest promotion described as "deferred interest." Sara Rathner credit cards expert and writer at NerdWallet.

Persons: We've, Ted Rossman, Matt Schulz, Schulz, Sara Rathner, NerdWallet, Bankrate's Rossman, Rathner Organizations: Bankrate, Finance, CNBC Locations: NerdWallet

☆ After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
▼ + stars: | 2023-10-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras. However, it also could mean that holiday spending just might look a little different and skewed more toward experiences than it has done in past years. Respondents to KPMG’s 2023 holiday survey said they plan to spend 5% more this season, said Matt Kramer, KPMG’s consumer and retail national sector leader. “What stands out the most is this ‘leaning in’ to holiday travel and wanting to have those experiences with friends and family,” he said. A more comprehensive look at consumer spending will come at the tail end of the month when the Personal Consumption Expenditures data is released.

Persons: Barbenheimer, Everybody, ”, Keith Gentili, ” Taylor Swift, Allen J, “, Ted Rossman, that’s, ’ ”, aren’t, Matt Kramer, Tamara Charm, Elijah Nouvelage, Patrick T, Fallon, Gus Faucher, Nathan Howard, Nancy Vanden Houten, ’, ” Rossman, Matt Schulz Organizations: Minneapolis CNN —, New Hampshire, Los Angeles Times, Getty, Bankrate, McKinsey, Travelers, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Commerce, Apple, PNC Financial Services, Shoppers, canaries, LendingTree Locations: Minneapolis, New, Inglewood , California, splurge, ’, Los Angeles, AFP, Georgetown, Washington, what’s, Oxford

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