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55 Percent Of Americans Say That Their Financial Situations Are Getting Worse...
Americans were not even this stressed about their financial situations during the Great Recession. As you will see below, a brand new Gallup survey has discovered that 55 percent of Americans believe that their finances are getting worse. That is higher than any reading that Gallup recorded during the recession of 2008 and 2009, and it is higher than any reading that Gallup recorded during the pandemic. But of course this shouldn't exactly be a surprise to any of us. We have been in a historic cost of living crisis since 2020, and our standard of living has been steadily deteriorating as the purchasing power of our money has gone down.
If you are making the same amount of money as you did at the beginning of this decade, you are in far worse shape financially today.
That is just the reality of the time that we are living in.
The cost of just about everything has been going up and up and up.
As a result, people are more concerned about the economy than anything else.
According to Gallup, the percentage of Americans that believe that their finances are getting worse has been rising for five years in a row and is now at the highest level ever recorded…
Americans' financial outlook in 2026 is also historically poor, with a record 55% now saying their financial situation is getting worse. While similar to last year's 53%, this is up from 47% in 2024 and marks the fifth consecutive year more Americans say their finances are worsening rather than improving.
The only similar multiyear period when the larger share felt their financial situation was worsening was during the Great Recession.
At this stage, there is no denying the trend that we are witnessing.
Gallup found that Americans are particularly concerned about monthly bills, healthcare and retirement…
Majorities worry about not having enough money for retirement (62%) and being unable to cover medical costs in the event of a serious accident or illness (60%). Slightly smaller majorities (54% each) worry about their investment returns and maintaining their standard of living.
Nearly half are concerned about routine healthcare costs (48%), while 41% worry about paying their normal monthly bills and 40% about affording college. Fewer worry about housing costs (35%) or making minimum credit card payments (28%).