Inflation Pressure and Job Anxiety Strain Americans, NY Fed Survey Finds
TL;DR Summary
A New York Fed survey finds roughly 48% of Americans say their finances are worse than a year ago, the highest share since early 2023, with optimism about the next year at a low; inflation remains elevated as gas prices stay high and May CPI is expected to show around 4.2% inflation; about 15% fear losing their job within a year, wage growth (3.4% in May) lags inflation (roughly 3.8%), and credit card delinquencies have climbed to the highest level since 2011, signaling growing financial strain despite hiring gains.
- 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
- New York Fed survey: Share of households reporting a worse financial situation hits highest level since 2023 Yahoo Finance
- US public's inflation expectations largely unchanged in May, New York Fed survey shows Reuters
- Prospects for Job Seekers Seen Worsening, NY Fed Survey Says Bloomberg
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