Inflation Slowly Ebbs, But Consumer Outlook Remains Gloomy
New Survey Shows Consumers Less Optimistic Than Fed on Taming Inflation
A survey of 2,169 consumers for PYMNTS’ new “Consumer Inflation Sentiment: Inflation Slowly Ebbs, But Consumer Outlook Remains Gloomy” report not only showed that individuals were more pessimistic than central bankers, but revealed half believe the economy is headed into recession as a result of the effects they still feel on their wallets and lives every day.
Inside the August Report
- 64%: Portion of consumers who say they expect grocery prices to increase in the next year
- 79%: Share of consumers who say their financial situation is worse today than a year ago
- 62%: Portion of consumers who believe there will be a recession in the coming years
Consumer Inflation Sentiment Report
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The Cautious Spender: US Consumers Now Think First, Spend Second
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Consumers Shop Secondhand Stores as Often as Other Retail
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Tipflation Is Changing Spending Habits of 1 in 6 Consumers
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27% of Consumers at Self-Checkout Say They’ve Been Asked to Tip
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85% of Consumers Say Incomes Are Not Matching Inflation
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Consumers Know What AI Is — Not How It’s Integrated Into Their Daily Lives
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45% of Millennials Say Wages Don’t Meet Inflation
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The False Appeal of Deal-Chasing Consumers
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Rising Housing Costs Deflate Economic Optimism
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Perception Is Reality
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In It For The Long Haul
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Consumer Inflation Sentiment: Inflation’s Long Consumer Spending Shadow
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Consumers Buckle Down On Belt-Tightening
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Consumers Pull Back and Prepare for the Long Haul