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Consumers’ relationship with debt is changing as the Fed flip flops on further rate hikes

  • 6% of consumers expect to increase their borrowing in case of income loss, which is the highest number of people eyeing debt as a cushion in times of an employment crisis since 2015.
  • This Financial Wellness Month, we look at how consumers' relationship with debt is in flux, where their dollars are going, and how inflation is affecting their financial health in 2024.
Rabab Ahsan | January 22, 2024
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Consumers’ relationship with debt is changing as the Fed flip flops on further rate hikes

 

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