Consumers Expect Inflation to Stay High and Financial Stress to Rise

Most consumers want budgeting tools, but very few actually use them to manage volatility and the impact of inflation.Consumers expect inflation to stay elevated while believing their financial situations will worsen, according to NY Fed data.Inflation expectations are steady, but households are not. The latest results from the Federal Reserve Bank of New York released on Monday (Dec. 8th) show consumers believe prices will continue rising while personal financial conditions are poised to deteriorate.By comp ...