ROCHESTER, N.Y. (WROC) — If you think the prices at the pump, or at the grocery store, have been a lot to handle lately, you’re not alone.
According to new numbers from Siena College, New Yorkers are more worried about those prices than they have been in years.
63% of polled New Yorkers in Quarter 2 of this year believe food prices have either a very or somewhat serious impact for them. That number is at 54% for gas prices, the highest that category has been since 2014, according to Siena College.
“There’s a lot of factors – it’s hard to put your finger on just one,” Jarrett Felton said, a financial advisor with Rochester-based Invessent Wealth Management. He says a driving factor behind grocery prices going up could be labor shortages.
A separate report from business.org says credit card debt has gone up for 62% of Americans since the start of the pandemic.
Felton says the spending habits of many Americans were altered during the pandemic. His advice now: have a plan.
“I would say get a budget together, and then cross it out. And then put a more realistic one in place,” Felton said.
That same Siena College study says consumer optimism in New York State is on the rise.