According to a new WSFS Bank Money Trends study, nearly half (49%) of Americans cite wanting financial stability as the reason why they are saving more now versus earlier in the pandemic and about 42% of Greater Philadelphia and Delaware residents agreed. However, inflation’s impact on prices and the overall economy has many of them preparing to spend less on gifts, dining and travel this holiday season.
The study, which surveyed 1,250 Greater Philadelphia and Delaware region consumers and 2,000 consumers nationally, measured current spending and saving trends and economic sentiment among adults ages 18‑55.
Check out the infographic below to learn more about the study’s key findings.
Recent Articles
Interest rates play a pivotal role in the U.S. economy, influencing everything from consumer spending to business investments. These rates…
Cash or card? It’s a common question many of us encounter when we reach the checkout line at the grocery…
The end of one year and beginning of another is an opportunity for a fresh start, including for your finances….
Helping you boost your financial intelligence.
Read our financial resources from your friends at WSFS.