The index currently stands below the near-peak level recorded in February this year, but is still modestly above year-ago levels.
Pressures from price expectations remain elevated, but have moderated slightly from the spike in March. Gas price expectation is holding steady at its highest levels in years.
US financial well-being index slipped in April, as headline inflation reaccelerated to its highest reading since early 2024, according to Deloitte ConsumerSignals, which explores consumer spending behaviour.
The index stands below the near-peak level seen in February but is modestly above year-ago levels.
Pressures from price expectations are high but have moderated a bit from the March rise.
Despite the reported erosion in financial confidence, discretionary spending intentions have rebounded for a second consecutive month.
Non-discretionary intent eased from its January peak, but remains historically elevated.
Within nondiscretionary categories, pressure points kept shifting from April to May.
Fibre2Fashion News Desk (DS)
