Financial Concerns Wrapped Inflation is Top Consumer Concern in 2022, According to New Research From Lincoln Financial Group

Beyond the concerns they have, Americans across all age groups are seeing the importance of protection — 82% say they would like to invest their money in a solution that protects them during times of market volatility, even if it means fewer gains when the market is performing well. And, 82% agree that due to rising costs elsewhere in their budgets, it is more important for them to have protection against expenses or lost income in case of an unexpected event.

“It’s been another challenging year, as Americans are grappling with many things beyond their control — inflation, the performance of the market and the economic climate overall,” said Elena French, Senior Vice President, Corporate Marketing, Lincoln Financial. “We conduct this research to ensure we understand exactly what challenges consumers are facing, and it shows that the protection and solutions Lincoln Financial can provide are more important than ever.”

Top financial concerns

Consumer concerns, 1Q and 4Q 2022 – total concern is those who answered 4 or 5 on a scale where 1 = not at all concerned and 5 = very concerned.