Newsroom Listing - BEPI
Inflation is a major concern for Floridians, with many saying the higher cost of living has greatly affected their finances and forced them to change summer travel plans.
Consumer confidence among U.S. Hispanics plummeted in the second quarter of 2022 amid fears of rising inflation and a looming recession.
The economy, inflation and the high cost of housing are weighing on the minds of consumers as recent price hikes force Floridians to cut back on travel, entertainment and other discretionary items, according to the latest statewide survey from the FAU BEPI.
Despite a higher cost of living from rising inflation, the Hispanic population in the United States was more optimistic about its finances heading into the new year than it was at the end of 2021.
U.S. Hispanics are displaying less consumer confidence heading into 2022 as inflation not seen in decades continues to erode their purchasing power.
Consumer confidence among U.S. Hispanics remained mostly stable in the third quarter, despite the supply-chain crisis, increased labor movement activities, and other economic turmoil.