Stressflation
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Even households making $100K are now pulling back on spending and rethinking their expenses. Here’s why
Yahoo Finance· 2025-11-12 12:00
Core Insights - Inflation is affecting a wide range of income groups, with households earning six figures also feeling financial pressure [1][3] - A significant portion of consumers are adjusting their spending habits due to rising costs, with nearly 90% reporting an impact on their spending [2][3] Spending Adjustments - Nearly 30% of respondents have cut back on nonessential items, while around 20% are utilizing coupons, sales, and discounts to save money [2] - The primary areas of concern for consumers include groceries (46%), gasoline (13%), and dining out (9%) [3][4] Economic Outlook - The economic sentiment is mixed, with 40% of respondents feeling optimistic, 38% pessimistic, and 22% neutral about the economy [6] - Despite inflation concerns, 41% of respondents feel their financial situation is unchanged from six months ago, and 35% report feeling better [6] Consumer Spending Trends - Consumer spending remains robust, with the Personal Consumption Expenditures price index increasing by 2.7% year-over-year as of August 2025 [7]
'Stressflation' is Here: 83% of Americans Say Today's Economic Climate is Taking a Toll on Their Mental Health
Prnewswire· 2025-07-22 13:00
Core Insights - The survey indicates that "stressflation" is significantly impacting Americans, with 83% experiencing financial stress due to inflation, mass layoffs, rising living costs, and recession fears, particularly affecting Millennials and Gen Z [1][6] Financial Stress and Mental Health - 60% of respondents reported being deterred from seeking mental health care due to financial constraints, an increase of two percentage points from 2024 [2][6] - Individuals with high financial stress are over twice as likely to forgo mental health treatment due to cost, highlighting a mental health gap exacerbated by financial strain [2][5] Perception of Mental Health Care - 93% of Americans believe mental health care is as important as physical health care, with nearly one-third (30%) considering it more important, especially among younger generations [3][6] - The perception of mental health care's importance is shifting, with Millennials (41%) and Gen Z (37%) leading this view [6] Treatment Accessibility - Nearly half (47%) of respondents skipped therapy sessions due to cost, and financial barriers are disrupting consistent treatment, with rising grocery prices being a significant deterrent [3][10] - The percentage of respondents citing cost as a barrier to seeking mental health care increased from 58% in 2024 to 60% in 2025, with younger generations disproportionately affected [6][10] Therapy Resumption Trends - Respondents are returning to therapy more quickly in 2025 than in the previous year, with 33% resuming within a week after a cost-related break, up from 8% in 2024 [7][10] - The share of respondents going without therapy for at least a month decreased from 71% in 2024 to 56% in 2025, indicating a trend towards maintaining continuity of care despite financial challenges [10]