Synchrony survey shows 62% of consumers cite flexible payments as key to summer spending
SYF•Synchrony survey highlights consumer demand for flexible payments
Synchrony research found 62% of US consumers view flexible payments as key to funding summer activities or avoiding delayed purchases.
50% reported applying or planning to apply for financing ahead of summer leisure spending, signaling sustained demand for consumer credit options.
Spending priorities centered on transportation, dining, apparel, travel, electronics, entertainment and home improvement, with 42% seeking deals or rewards.
Lower- and middle-income households showed a stronger preference for spreading payments, while higher earners favored rewards, immediate purchase ability and promotional financing.
