American Wallets Wobble: Fed Data Show Worsening Finances and Job Anxiety
TL;DR Summary
New York Fed’s May Survey of Consumer Expectations finds Americans are gloomier about their finances and job prospects, with inflation expectations around 3.5% and rising costs erasing wage gains; the labor market remains slow with modest job gains and rising perceived risk of unemployment, while quit rates edge up as people test the job market.
- Americans ‘don’t like the look of things’ and are growing more worried about their job and their finances CNN
- New York Fed survey: Share of households reporting a worse financial situation hits highest level since 2023 Yahoo Finance
- Nearly half of Americans say they're worse off financially than a year ago, NY Fed finds CBS News
- Household worries over finances hit highest level since July 2022, New York Fed survey shows CNBC
- Prospects for Job Seekers Seen Worsening, NY Fed Survey Says Bloomberg
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