Consumer Spending Under Inflation Pressure

Sep 11, 2022 (updated May 11, 2023) • 3 min

Eighty percent of companies are increasing wages this year1, but consumers are still struggling economically. Why? The costs of some goods and services remain stubbornly high.

Infographic describing consumer spending under inflation pressure. A full description is available through a link beneath the image.

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Important disclosure information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

Fortune, “80% of Companies Plan to Give Raises in 2023, According to a New Survey of Nearly 5,000 Participants,” February 23, 2023 Back
PYMNTS.com, “New Reality Check: The Paycheck-to-Paycheck Report,” December 2022 Back
Moody’s Analytics, “Employment and Inflation Go the Fed’s Way,” January 12, 2023 Back
U.S. Bureau of Labor Statistics, “Consumer Price Index Summary,” April 12, 2023 Back
Gallup, “Inflation Now Causing Hardship for Majority in U.S.,” September 7, 2022 Back
CNBC, “Inflation Isn’t Dampening People’s Desire to Travel – But Travel Companies May be Missing a Trick,” March 11, 2023 Back