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More Than Half of Americans Fear Covering Unexpected Expenses in 2025

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2 years ago

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Rising Cost of Goods and Economic Uncertainty Create Financial Strain and Shift Payment Preferences, According to New Splitit and PYMNTS Consumer Study

ATLANTA, March 31, 2025 /PRNewswire/ — New research from Splitit and PYMNTS finds that more than 53% of consumers are concerned about affording unexpected expenses in 2025 amid rising anxiety over economic uncertainty. “Managing Unplanned Expenses: How The Pay Later Economy Fits Consumer Needs,” which surveyed more than 7,000 consumers, highlights the financial strain unplanned purchases create—especially among parents and younger consumers—and how credit accessibility sways spending and payment behaviors. These report findings are especially crucial as leading indicators point to a broad decline in consumer confidence, driven by worries over the impact of tariffs on household finances.

“From trade turbulence to market volatility, Americans are navigating a growing list of financial challenges,” said Nandan Sheth, CEO of Splitit. “Consumers are feeling very anxious at the moment, which is why we see consumers becoming more strategic in managing unplanned expenses, balancing financial stability with flexible payment options. Credit card-linked installments provide a smart way to handle life’s surprises, allowing shoppers to leverage their existing credit lines while maintaining financial flexibility. With many consumers already accustomed to using their credit cards for these types of purchases, this approach offers a seamless and responsible way to stay in control in today’s uncertain economy.”

Unplanned expenses, such as emergency car repairs (42.9%) and home repair costs (34.3%), often come with a hefty price tag. Home repairs, the most expensive category, carry a median spend of $2,112. Despite the growing popularity of Buy Now, Pay Later (BNPL), only 9% of consumers used it for emergency purchases—showing that many still default to credit cards, with 38% of Baby Boomers relying on them for emergency costs. As consumers look for more budget-friendly payment options, there’s a clear opportunity for flexible pay-later solutions that prioritize transparency and control.

The report highlights a broader trend: Consumers are relying on credit cards and alternative financing solutions to manage both emergency and impulse spending. Among key findings:

$605 is the median cost of emergency purchases over $250.50% of consumers cite the rising cost of goods as the top reason why they expect to make fewer impulse purchases this year.Gen Z is the most concerned about their ability to cover unexpected expenses at 63%.36% of consumers made an impulse purchase of at least $250 in the last three months, with a median spend of $497.33% of consumers used a credit card as their primary form of payment for their most recent emergency purchase.45% of BNPL users say knowing their purchase would be approved was a key factor in their decision to use it.48% of consumers who made their latest impulse purchase with a credit card paid it off in full at the next statement, while 30% opted for installment plans.Gen Z leads the shift toward credit card-linked installment payments, with 24% choosing merchant-offered installment plans—double the rate of older generations.

Credit accessibility continues to shape purchasing behavior. Consumers with strong credit are more likely to finance unexpected expenses, while those with below-average credit hesitate to make unplanned purchases due to limited financing options. Millennials and Gen Z, in particular, are leaning into flexible payment options—26% of millennials expect to increase their impulse purchases in the next year.

With installment plans resonating across generations—36% of non-Boomer consumers who paid by credit card for an impulse purchase chose an installment plan—it’s clear that consumers are seeking more control over how they pay. As economic uncertainty continues, flexible payment solutions will play a critical role in helping shoppers manage their financial well-being.

Yet, even as consumers navigate emergency expenses, half of shoppers made an unplanned purchase last year, highlighting the tension between financial caution and spontaneous spending. This paradox suggests that while consumers are mindful of budgets and economic uncertainty, they are still drawn to impulse buys, whether driven by emotional triggers, limited-time deals or social influence. For brands, this means balancing affordability, value-driven messaging and flexible payment options with strategies that tap into the spontaneity of consumer spending.

Methodology

The survey for the “Managing Unplanned Expenses: How The Pay Later Economy Fits Consumer Needs” report was conducted with 7,078 consumers across all demographics from January 29 to February 7, 2025.

Download the full report here.

About Splitit

Splitit is a global payment solution provider that lets shoppers use the credit they’ve earned by breaking up purchases into monthly installments using their existing credit card. Splitit enables merchants to improve conversion rates and increase average order value by giving customers an easy and fast way to pay for purchases over time without originating new credit. Splitit serves many of Internet Retailer’s top 500 merchants and is accepted by more than 1,500 eCommerce merchants in over 30 countries and shoppers in over 100 countries.

Splitit Media Contact
Danielle Poggi
Berns Communications Group
dpoggi@bcg-pr.com

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SOURCE Splitit USA, Inc.

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Systech Launches New All-in-One Pharma Packaging and Serialization Stations

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19 minutes ago

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October 20, 2026

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DOWNERS GROVE, Ill., Oct. 20, 2026 /PRNewswire/ — Systech, part of Markem-Imaje and Dover and a leading provider of pharmaceutical serialization and traceability solutions, today announced the launch of two new integrated packaging solutions designed to help pharmaceutical manufacturers and contract development and manufacturing organizations (CDMOs) increase automation, improve operational efficiency and enhance production flexibility.

The new ST15S Semi-Automated Serialization and Aggregation Station and ST16P Multi-Aggregation and Automated Label Print & Apply Station operate seamlessly with industry-leading UniSeries® software, integrating critical packaging, serialization, aggregation and labeling functions into compact, easy-to-deploy systems. By consolidating multiple processes within a single station, these systems help manufacturers reduce complexity, optimize labor resources and improve packaging productivity without requiring significant line modifications or facility expansion.

“Packaging operations today are under constant pressure to increase output, maintain compliance and do more with constrained labor and facility resources,” said Steve Engdahl, Vice President of Product at Systech. “The ST15S and ST16P were developed to help manufacturers automate critical packaging processes without introducing additional complexity. By bringing serialization, aggregation, rework and labeling capabilities together within integrated systems, customers can streamline workflows, reduce manual intervention and improve operational efficiency.”

The ST15S Semi-Automated Serialization and Aggregation Station combines semi-automated serialization, manual case aggregation, pallet aggregation and rework capabilities within a single workstation. Functions that traditionally require multiple stations for printing, inspection, aggregation and rework can now be performed through a unified system managed from one interface. By reducing operator handoffs and consolidating workflows, the ST15S helps minimize product handling and simplify day-to-day packaging activities.

The ST16P Multi-Aggregation and Automated Label Print & Apply Station combines semi-automated Pack-by-Layer aggregation with automated label printing and application in a single ergonomic platform. By integrating multiple aggregation processes and automating label management, the system helps teams reduce manual intervention, improve consistency, and perform aggregation activities more efficiently while supporting compliance requirements.

“Our product strategy begins with understanding the day-to-day challenges packaging teams face on the production floor,” continued Engdahl. “Those insights guide us toward opportunities where automation can reduce complexity and strengthen overall packaging performance. The ST15S and ST16P reflect that customer-driven approach by delivering practical automation solutions that help manufacturers enhance productivity while remaining adaptable to changing production requirements.”

Available now, these new systems expand Systech’s integrated packaging, serialization and traceability portfolio. Built on proven Systech platforms, the ST15S and ST16P can be deployed as part of an existing Systech-managed line or alongside third-party equipment already in place, avoiding the cost and disruption of a complete line redesign. By bringing greater automation to established packaging environments, the systems help manufacturers optimize workflows, protect existing technology investments and add advanced packaging capabilities.

About Systech:

Systech is a trusted provider of pharmaceutical track and trace solutions, bringing more than 40 years of expertise from the packaging line to the broader supply chain. Built on deep line-level experience, its integrated hardware and proven software solutions help reduce operational friction, improve efficiency, strengthen compliance and protect product integrity. With a perspective shaped by the realities of packaging, serialization, inspection and traceability, Systech partners with manufacturers of all sizes to build connected, modern supply chains that drive productivity and operational excellence. Systech is a leading brand of Markem-Imaje and a part of Dover Corporation. Visit www.systechone.com for further information.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of Dover Corporation, connects products and protects brands through intelligent identification, traceability and consumer engagement solutions. We offer the industry’s most comprehensive range of marking and coding systems seamlessly integrated with trusted software, services and consumables. Over 50,000 customers worldwide partner with us to help them unlock the power of information in codes. With decades of proven expertise provided through the most extensive global network, we empower our customers to optimize supply chain efficiencies, achieve sustainability and compliance objectives, keep products safe and engage their consumers. This is intelligence, beyond the mark. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Systech Contact:
Lou Ann Hodges
(609) 395-8400
pr@systechone.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/systech-launches-new-all-in-one-pharma-packaging-and-serialization-stations-302914327.html

SOURCE Dover

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Hagerty to Report Third Quarter 2026 Results and Host Conference Call on Tuesday, November 3, 2026

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20 minutes ago

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October 20, 2026

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TRAVERSE CITY, Mich., Oct. 20, 2026 /PRNewswire/ — Hagerty, Inc. (NYSE: HGTY), a business that makes it easier and more enjoyable to be a driving enthusiast, today announced it will report its third quarter 2026 financial results before the market opens on Tuesday, November 3, 2026.

Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty’s investor relations website at investor.hagerty.com. To dial-in for the conference call, please register using the link found here to receive your unique dial-in and PIN.

A webcast replay of the call will be available at investor.hagerty.com following the call.

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 3.0 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world’s largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. 

Category: Financial

Source: Hagerty

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SOURCE Hagerty

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LendingTree, Inc. to Report Third Quarter 2026 Earnings on November 3, 2026

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20 minutes ago

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October 20, 2026

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CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced that it will release fiscal third quarter 2026 results after market close on Tuesday, November 3, 2026.  The company will also post a letter to shareholders on the Company’s website at investors.lendingtree.com.

The Company will hold its earnings conference call at 4:30 p.m. ET to discuss the release, which will be simultaneously webcast via the Company’s website at investors.lendingtree.com.  The webcast replay will be available following the event.

About LendingTree, Inc.

LendingTree, Inc. is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, “LendingTree”).

LendingTree (NASDAQ: TREE) is one of the nation’s largest, most experienced online financial platforms, created to give consumers the power to win financially.  LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 770 financial partners.  Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com.

INVESTOR RELATIONS:
investors@lendingtree.com

MEDIA RELATIONS:
press@lendingtree.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingtree-inc-to-report-third-quarter-2026-earnings-on-november-3-2026-302914505.html

SOURCE LendingTree, Inc.

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