WSFS Bank survey shows 39% of Greater Philadelphia, Delaware consumers cut spending over past year - WSFS News | RalliesWSFS Bank survey shows 39% of Greater Philadelphia, Delaware consumers cut spending over past year
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WSFS• WSFS survey shows more deliberate spending in 2026
- WSFS Financial Corporation’s annual Money Trends survey shows a shift toward more deliberate spending in Greater Philadelphia and Delaware in 2026.
- 39% of respondents reported spending less than a year earlier, led by cutbacks in dining out, travel, and online shopping.
- 32% reported higher spending, largely tied to inflation-driven increases in household essentials such as groceries, utilities, and housing.
- Use of payment apps rose to 67% since 2023; digital wallets increased to 54%, signaling a tilt toward debit-style budgeting.
- Savings-product awareness gaps persisted, with 24% unaware of high-yield money market accounts and 18% unfamiliar with CDs.
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