A new KPMG survey shows that despite economic headwinds, Americans are more positive about their personal finance over the coming year. KPMG US Products Line of Business Leader Matt Kramer joins Wealth! to discuss how households are managing their budgets as inflation remains a stressor.

Kramer notes that wages are holding amid sticky inflation, allowing consumers some disposable income to pay for things like vacations and dining out. However, consumers are increasingly seeking value, spending more at discount stores and choosing to swap out some products with cheaper alternatives.

He adds that Gen Z is very comfortable shopping online and in stores, which he says is "really telling to companies that they need to be prepared to serve their customers across all those channels and be prepared to find the categories that are most interesting to them."

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Melanie Riehl