{"id":1011804,"date":"2026-10-20T11:29:14","date_gmt":"2026-10-20T15:29:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nearly-2-in-5-americans-expect-to-rely-on-credit-to-manage-expenses-as-inflation-hits-3-7-nerdwallets-consumer-financial-resilience-index-finds\/"},"modified":"2026-10-20T11:29:14","modified_gmt":"2026-10-20T15:29:14","slug":"nearly-2-in-5-americans-expect-to-rely-on-credit-to-manage-expenses-as-inflation-hits-3-7-nerdwallets-consumer-financial-resilience-index-finds","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nearly-2-in-5-americans-expect-to-rely-on-credit-to-manage-expenses-as-inflation-hits-3-7-nerdwallets-consumer-financial-resilience-index-finds\/","title":{"rendered":"Nearly 2 in 5 Americans Expect to Rely on Credit to Manage Expenses as Inflation Hits 3.7%, NerdWallet\u2019s Consumer Financial Resilience Index Finds"},"content":{"rendered":"

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Nearly 2 in 5 Americans Expect to Rely on Credit to Manage Expenses as Inflation Hits 3.7%, NerdWallet\u2019s Consumer Financial Resilience Index Finds<\/b><\/p>\n

\nParents and younger adults are among the most likely to rely on credit this month, and another Fed rate hike anticipated before year-end could raise borrowing costs<\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–NerdWallet Inc.<\/a> (Nasdaq: NRDS), which provides trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), today published its October 2026 Consumer Financial Resilience Index<\/a>, a monthly score, out of 100, that tracks how financially prepared Americans are to handle economic instability. While more Americans feel in control of their day-to-day finances in October (78%, up from 73% in September), nearly four in 10 (38%) say they\u2019ll need to rely on credit for at least some expenses, including more than half of parents of children under 18 (54%), Gen Zers (53%) and millennials (51%).<\/p>\n

\nThe survey was conducted shortly before the U.S. <\/a>Bureau<\/a> of Labor Statistics<\/a> reported consumer prices rose 3.7% year over year in September, up from 3.4% in August, driven largely by gasoline. And prices have risen faster<\/a> than average hourly earnings on a year-over-year basis for at least three consecutive months as of September. With at least one more Federal Reserve hike likely before year-end, balances on variable-rate debt like credit cards could get costlier to carry.<\/p>\n

Additional key findings:<\/b><\/p>\n