Record 41% of Americans Expect Their Finances To Get Worse Over the Next Year, More Than Double 2024 Levels

A record share of Americans now expect their personal finances to get worse over the next year. About 41% of US consumers expect to be worse off financially a year from now, the Kobeissi Letter says , citing the University of Michigan’s Surveys of Consumers. “This figure has more than tripled since Q2 2024. By comparison, during the 2008 Financial Crisis, this metric peaked at 23%. This proportion is also significantly higher than in the 1970s and the 1980s, when CPI inflation was above 10%.” Looking further out, 31% of consumers expect their finances to be worse in five years, double the proportion witnessed in the 1980s.

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