Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleUS households are struggling in the current economic climate (Getty/iStock)A survey by financial services firm Raisin revealed that 70 per cent of US consumers prefer receiving $1,000 immediately over $1,100 in a year due to acute household financial pressure. Consumers overwhelmingly favour accessible savings accounts over high-yield options that impose penalties for early cash withdrawals. Economic strain worsened after inflation topped 4 per cent following military action against Iran ordered by President Donald Trump, which drove petrol prices to multi-year highs. To manage rising living costs, Americans turned to discount stores, delayed vehicle maintenance, and bought fewer than 10 gallons of petrol per transaction. Inflation experienced its largest drop in six years in June, falling to 3.5 per cent and offering mild relief to struggling households. In fullBleak study shows consumers can’t afford to save money right nowMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Money study paints bleak reality for US consumers
Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleUS households are struggling in the current economic climate (Getty/iStock)A survey by financial services firm Raisin revealed that 70 per cent of US consumers prefer receiving $1,000 immediately over $1,100 in a year due to acute household financial pressure. Consumers overwhelmingly favour accessible savings accounts over high-yield options that impose penalties for early cash withdrawals. Economic strain worsened after inflation topped 4 per cent following military action against Iran ordered by President Donald Trump, which drove petrol prices to multi-year highs. To manage rising living costs, Americans turned to discount stores, delayed vehicle maintenance, and bought fewer than 10 gallons of petrol per transaction. Inflation experienced its largest drop in six years in June, falling to 3.5 per cent and offering mild relief to struggling households. In fullBleak study shows consumers can’t afford to save money right nowMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
