Inflation Hit Americans’ Finances Last Year, Fed Finds

Share of adults who reported being worse off financially is highest since 2014, annual survey says

The latest U.S. retail sales report provides the widest lens for American consumers’ spending habits, and will play a major role in determining what comes next for the Federal Reserve. WSJ’s Dion Rabouin explains. Photo: Richard B. Levine/Zuma Press

Americans reported a sharp decline in their financial well-being last fall as high inflation eroded earnings and savings, according to a Federal Reserve survey released Monday.

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