The Velera Payments Index July 2025

Summary: Consumer spending slowed in June 2025, with debit card activity continuing its downward trend from earlier in the year. Inflationary pressure returned, particularly in tariff-sensitive goods like furniture and clothing, while credit purchases were driven by rising service costs, especially insurance. Consumer confidence declined, and labor market signals were mixed, with private sector job losses offset by gains in state government and healthcare. This month’s Velera Payments Index features our quarterly update on credit card balances, delinquencies and mobile wallet usage — offering timely insights into how economic shifts and new federal legislation may shape consumer behavior in the months ahead.