All articles tagged with #consumer surveys
Rising grocery costs are squeezing American households, pushing more shoppers to borrow, use credit, or tap savings to pay for groceries as inflation, shrinking packaging, and diminished brand trust shape spending habits across income levels.
The New York Fed's June Survey of Consumer Expectations shows median inflation expectations rising to 3.7% for the year ahead and 3.3% over three years. Respondents expect healthcare costs to surge about 9.4% and rent to climb about 8.3% in the next year, while gas costs ease. Pay growth is expected to 2.8%, unemployment expectations fall, and housing costs remain a key driver of consumer concerns amid a broader inflation backdrop.