Deloitte: Concern Around Rising Prices is not Fading and Likely Weighs on Americans' Sense of Financial Well-being
NEW YORK, Feb. 22, 2024 /PRNewswire/ --
- Americans' spending intentions have yet to fully recover to pre-inflation levels, and stagnating financial well-being could play a role.
- Deloitte's U.S. financial well-being index hit a 3-year low of 70.7 in June 2022, the month inflation peaked at 9.1.
- Persisting inflation will likely continue to weigh on consumer financial well-being sentiment, given lingering and widespread concern around rising prices.
- Amidst rising food prices, spending intentions for groceries remained relatively flat since 2021, suggesting shifting behaviors at the grocery store.