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Nearly 2 in 5 Americans Expect to Lean on Credit as Inflation Bites

Original: Nearly 2 in 5 Americans Expect to Rely on Credit to Manage Expenses as Inflation Hits 3.7%, NerdWallet’s Consumer Financial Resilience Index Finds

A new NerdWallet Consumer Financial Resilience Index finds that close to 40% of Americans expect to rely on credit to cover their expenses, with inflation running at 3.7%. The findings highlight growing strain on household budgets and suggest many consumers are turning to borrowing to bridge the gap between income and rising costs.

Why now: Fresh survey data quantifying how inflation is pushing American households toward credit to manage everyday expenses.

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Evidence

• Nearly 2 in 5 Americans Expect to Rely on Credit to Manage Expenses as Inflation Hits 3.7%, NerdWallet’s Consumer Financial Resilience Index Finds · Business Wire

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