Higher inflation and higher interest rates are leading to significant pressure on the finances of households, with the latest quarterly Altron FinTech Household Resilience Index (AFHRI) showing a 1.1% year-on-year decline during the fourth quarter of 2022. The index, which reached a record high in the fourth quarter of 2021 after a strong recovery from the effects of the Covid-19 pandemic, revealed that, compared on a quarterly basis against the third quarter of 2022, household financial resilience increased by 1.4% during the quarter under review.
