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Financial Well-Being Is Under Pressure — A Strategic Priority For Banks

Featured Blogs - Forrester·Aurelie L'Hostis·3 days ago
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Financial well-being has become a defining challenge — and opportunity — for financial services firms. Against a backdrop of persistent economic uncertainty, inflationary pressures, and rising borrowing costs, consumers on both sides of the Atlantic are feeling the strain. Our newly published reports — The State Of Financial Well-Being In The US and The State Of Financial Well-Being In The UK — provide a timely, data-driven view of how customers are coping and what financial institutions must do next. Financial Strain Is Widespread — And Persistent Across both markets, consumers are grappling with a combination of rising living costs, higher interest rates, and income growth that is failing to keep pace with inflation. In both the US and the UK, this combination is eroding confidence and putting pressure on households’ ability to manage day-to-day finances, absorb shocks, and plan for the future.…

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