The State of Consumer Spending: Inflation's Impact on The Workforce

As employers grapple with whether to recall their teams to in-office work or to offer more flexibility with a remote or hybrid workforce, new data revealed by First Insight indicates that remote/hybrid workers are more negatively impacted by the effects of inflation than full-time in-office workers.

In this report, you'll hear from both remote/hybrid and full-time employees:

• How price increases are impacting their daily lives
• Changing shopping behavior with rising inflation
• Where they're noticing price increases
• Where they're cutting back overall and specifically within entertainment, groceries, and apparel/footwear/accessories.
• How inflation is impacting workers' travel
• How workers are allocating their discretionary spending

About First Insight

First Insight, the world leader in Next-Gen Experience Management (XM), is transforming how companies make better decisions leading to a sustainable future. Customers include some of the world’s leading vertically integrated brands, department stores, consumer products companies, mass merchant retailers and wholesalers.

Methodology

First Insight’s findings are based upon a survey conducted through its proprietary platform. The report is based upon a sample of 1000 U.S. adults fielded in April 2022. The sample was balanced by generation, region, and gender. Further details on the findings are available upon request.