JPMorgan and Citi Aren’t Feeling the Affordability Crisis

If Americans are gripped by an affordability crisis, its biggest banks aren’t seeing it. Consumer spending is growing, people are saving and investing too, while losses on bad credit cards are falling. It’s a puzzle when paired with the poor sentiment reported in surveys and a drumbeat of complaints about high prices, but in the eyes of lenders, at least, the economic outlook for 2026 appears strong.