BMO Real Financial Progress Index: Nearly 8 in 10 Americans making big changes to holiday spending due to inflation, sharp decline in financial confidence

CHICAGO, Dec. 15, 2022 /PRNewswire/ - The latest BMO Real Financial Progress Index found that 77 percent of Americans said inflation is impacting their holiday spending decisions. The finding is part of a sharp drop in financial confidence this quarter, with of the number of U.S. adults who say they feel financially confident declining from 79 percent one year ago to 68 percent this quarter.