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MarketWatch
10 ways American finances actually improved in 2022, despite high interest rates and bearish stock market
Runaway inflation gnawed through household budgets as prices soared on everything from eggs to plane tickets. Higher interest rates made borrowing money more expensive, pushing home ownership out of reach for many. A recession appears to be imminent: “2022, like the last couple of years, has put a strain on the American consumer’s finances,” said Rachel Gittleman, financial services outreach manager at Consumer Federation of America, a national network of consumer advocacy nonprofits. “Consumers are back to their pre-COVID finances, except now we’re facing record inflation and rising interest rates,” Gittleman said.
