According to a recent Primerica press release:
Higher cost of living keeps squeezing household budgets — but professional financial guidance is helping families regain control and build resilience.
The road to financial recovery may be long, but middle-income families are proving resilient as they adapt to higher costs and redefine their financial goals, according to a new special report from Primerica, Inc. (NYSE: PRI), a leading provider of financial products and services to middle-income families. Titled “The Inflation Hangover: Middle-Income Americans Build Resilience on the Long Road to Recovery,” the report offers an in-depth look at how middle-income households are adapting to the long-term effects of inflation and the factors that are helping them regain financial stability.
Drawing on the company’s Financial Security Monitor™ (FSM™) survey and Household Budget Index™ (HBI™) data, the report finds that the higher cost of living continues to ripple through household budgets, even though inflation has eased significantly from its 2022 peak. Families report tapping savings, relying more heavily on credit cards and delaying contributions to retirement plans — all of which create long-term gaps that are difficult to close.
Read Primerica’s report: How Middle-Income Families Are Navigating the ‘Inflation Hangover’
“Inflation may have slowed, but the financial hangover it created is