Inflation Has Americans Changing Their Life—and Spending—Plans
Key Points
- Americans continue to feel financial stress, a new Wells Fargo study shows.
- More than three-quarters of Americans say they are reducing spending, up from 67% a year ago.
- More than half of respondents said they had more debt than they felt comfortable with.
Americans feel financially stressed, and therefore delayed some life plans.
According to a 2025 currency study by Wells Fargo, more than three-quarters of Americans say they are reducing spending, up from 67% a year ago, and more than half say they may delay some spending plans to address changes in the economic environment.
This includes travel plans (about three quarters) retire.
For 90% of Americans, the so-called sticker shock is still very real, and according to research, they say prices such as dining out, gasoline, bottled water and concert tickets are still Significantly higher More than they expected. More than half of respondents said they had more debt than they felt comfortable with.
US consumer confidence measured by conference committees Falling More than Americans expected was February, and Americans also canceled their expectations for inflation in the coming year.
“Consumer behavior is changing,” Michael Liersch, head of advice and programs at Wells Fargo, said in a statement. “The value of the dollar and the value it provides may no longer be predictable, which seems more obvious to young Americans.” There is a clear social narrative around a question: “I, will I be enough?”
Wells Fargo conducted a survey of nearly 4,000 U.S. adults and teenagers in September and October.