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Healthcare Costs Push Consumer Confidence Down 9 Points
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PYMNTS.com
Healthcare costs are squeezing consumer confidence from both ends of the age spectrum.
Medical costs are landing like a second monthly rent payment for many households, recurring often enough to reshape budgets and weaken consumers’ confidence in their ability to stay ahead.
Mental health costs produced a similar jump, rising 11 points to 44%, while dental and vision pressure climbed 7 points to 48%.
Among consumers using four or more coping strategies, confidence fell 15 points to 21%.
Financial providers that reduce uncertainty around recurring healthcare bills could give households more room to plan, preserve cash flow and regain a sense of control.