Despite inflation tampering down, Americans continue to report rising costs of living. Patrick Stal, chief marketing officer at Zepz, parent company of WorldRemit, joined 'Stretching Your Dollar,' to talk about WorldRemit's 2023 Cost of Living survey. It found that more than 70 percent of people reported an increase in the daily cost of living while a third also reported a decrease in disposable income.
Updated October 9, 2023 at 11:45 a.m. to note the findings came from WorldRemit's 2023 Cost of Living survey.
The Bank of America Institute found that average monthly rent payment growth for the bank's small business clients rose 12% year-on-year.
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