WSFS Bank survey shows 39% of Greater Philadelphia, Delaware consumers cut spending over past year

• 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, online shopping.
• 32% reported higher spending, largely tied to inflation-driven increases in household essentials such as groceries, utilities, 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, 18% unfamiliar with CDs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WSFS Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260729736007) on July 29, 2026, and is solely responsible for the information contained therein.