“Despite yet another COVID-19 variant, the US economy ended 2021 in good shape, with rising consumer confidence and unemployment rates that fell to a pandemic-era low. Alongside the strong economic gains, consumers’ financial situations also continued to improve, with most remaining optimistic about their finances going into 2022. As the US enters the new year, all eyes will be on inflation and whether supply chain conditions can improve, with the former strongly dependent on the actions the Federal Reserve decides to take in 2022.”

– Amr Hamdi, Finance Analyst

Key issues covered in this Report

The impact of COVID-19 on consumer finances within the past year

Sentiments toward consumers’ financial future

Change in consumer spending habits

How consumers plan to manage inflation