State of the US Consumer: July–August 2026

Gas price expectations are cooling, while consumer financial well-being remains firm

• Deloitte's financial well-being index held steady at 103 in June 2026—up 4.4 points from a year ago—suggesting its’ six underlying dimensions remain resilient (figure 1).
• Price expectations pulled back in June: The share of respondents expecting higher gas prices fell by 17 points to 58%, while the share of those expecting higher grocery prices went down by 6 points to 68%. Both retreated from their spring peaks (figure 2).
• Discretionary spending intentions dipped slightly in July—interrupting a three-month recovery from March—while nondiscretionary spending intentions edged back up (figure 3).
• After coming down for much of the year, spending intentions for housing and healthcare increased again in July, even as broader discretionary spending cooled (figure 4).