Americans squeezed by rising costs
Friday 29th May, 2026
US consumers are seeing savings collapse and real incomes fall as a Middle East-driven energy shock raises petrol and grocery prices, pushing many to rely on high‑interest cards and buy‑now‑pay‑later for essentials. This gives Wise a chance to talk about how transparent, low‑fee cross-border banking and multi‑currency accounts can help UK and European customers manage inflationary pressure on remittances and everyday spending.
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Why have we flagged this?
US consumers are under growing financial strain and turning to credit and BNPL—this affects cross-border remittances and could let Wise share data on international transfers, currency behaviours and remit volumes to explain where money is flowing and how customers manage rising costs.
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