How are higher interest rates affecting household finances?

In this episode, we will discuss the impact of higher inflation and interest rates on household finances. The IMF notes that the average global cost of living has risen more in the 18 months since the start of 2021 than it did during the preceding five years combined. Inflation on essentials such as food & fuel has now reached 40% in the UK versus 2019 levels.

Speakers

Joyce Chang, Chair of Global Research

Georgina Johanan, European General Retail Equity Research

Chris Wheat, President of the JPMorgan Chase Institute

 

This podcast was recorded on October 11, 2022.

This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS-4213923-0.pdf,   https://www.jpmorganchase.com/institute/research/household-income-spending/household-pulse-cash-balances-through-june-2022  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.