Inflation Remains a Burden and Consumer Debt is on the Rise

Abstract: The Federal Reserve Bank of Cleveland’s Community Issues Survey (CIS) collects information semiannually from direct service providers to monitor economic conditions and identify issues impacting low- and moderate-income (LMI) households in the Fourth District—a region that includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. In March 2023, we surveyed more than 600 service providers who directly serve LMI individuals and communities across our District and received 95 responses (15 percent response rate). The results of this survey, summarized here, provide insights into how organizations and the households they serve are faring as they continue to navigate the impacts of inflation.

Keywords: financial well-being; affordable housing; inflation;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Community Development Publications

Publication Date: 2023-05-23