Middle-Income Households Adjust to Higher Prices as Inflation Concerns Return, Santander US Survey Finds [Yahoo! Finance]
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Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
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Source: Yahoo! Finance
90% of households made budget cuts to contend with higher prices, and 41% have turned to second jobs and side gigs. A majority of households believe homeownership is not a requirement to be financially prosperous, driven by affordability concerns. BOSTON, June 24, 2024 BUSINESS WIRE )--Santander Holdings USA, Inc. ("Santander US") today announced findings from a new survey that shows middle-income households are cutting back on spending, taking second jobs, and delaying large purchases—such as cars and homes—to adapt to higher prices as inflationary pressures continue. Nearly three in four middle-income households (72%) reported seeing prices rise in the second quarter, and four in five (78%) said inflation is a major concern. To cope, most middle-income households (90%) have made spending cuts in at least one area, and many plan to curtail spending on a range of items this summer—from vacations to entertainment to summer camps and childcare. Four in 10 said they have taken on a
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SAN
Earnings
- 5/1/24 - Miss
SAN
Sec Filings
- 6/27/24 - Form 25-NSE
- 6/24/24 - Form 6-K
- 6/18/24 - Form 6-K
- SAN's page on the SEC website