Flat retail sales are just the beginning. Consumers are increasingly worried about rising prices, a looming recession, and uncertainty about what's next.

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Flat retail sales are just the beginning. Consumers are increasingly worried about rising prices, a looming recession, and uncertainty about what's next.
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People's financial health has declined for the first time in the past five years, the latest data from the Financial Health Network found.

Sales at retailers fell flat in September, the government said Friday, another sign that the economy is likely to slow in the coming months as consumers pull back on spending in the face of 40-year high inflation and the end of pandemic-era government stimulus programs.

Americans, who are finally getting their groove back after two years of a global pandemic, are understandably nervous about the economy and their own finances. While a majority of Americans still feel positive about their personal finances, that percentage fell by 11 percentage points over the past two years, according to a report released this week by life-insurance company Primerica. What’s more, three-quarters say their earnings are falling behind the rise in the cost of living, while 22% believe they will be better off financially a year from now.

Primerica’s “Middle Monitor Financial Security Monitor” is a quarterly national survey to monitor the financial health of people with annual household incomes of $30,000 to $100,000. More than one-third of the 1,546 people polled said they’re taking on more credit-card debt, a six-point increase since June’s survey and the highest number since quarterly data tracking began.

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