All into Account: Cost of living pressures reaching an inflection point?

In this podcast we discuss the recently published “Cost of Living Surveys” by our US and EMEA retail analysts. The surveys provide a pulse check on consumer sentiment and spending plans ahead, with responses from 5k consumers across Germany, France, Spain the United Kingdom and the United States. The survey results raise a question on whether consumers are at an inflection point and paint a picture of rising income disparities, deteriorating consumer sentiment alongside lower cash balances, with Black and Hispanic families in the US experiencing a more rapid reversal of cash buffers and savings accumulated during the pandemic.

In addition, the JPMorgan Chase Institute has also taken a closer look at how US households are managing their balances and the level of cash buffers they maintain, analyzing a sample of de-identified data covering 19 million individuals that spans the period from 2008 through early 2023.

Speakers

Joyce Chang, Chair of Global Research

Chris Wheat, President of the JPMorgan Chase Institute

Matthew Boss, Head of Retailing: Department Stores & Specialty Softlines Research

Georgina Johanan, Head of the European General Retail Research

This podcast was recorded on 10 October 2023.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.