Consumer Spending Under Inflation Pressure
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.
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- 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