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Economic anxieties continue to weigh on Americans, according to a new CBS News/YouGov poll. The survey, released Thursday, paints a picture of widespread concern about personal finances and the direction of the economy.
While last month’s optimism seems to be fading, with fewer Americans expecting economic growth next year (down 5 points to 29%), recessionary fears are on the rise. The percentage of those anticipating a recession in 2025 climbed five points to 28%.
The poll reveals a stark divide across income levels. Among those earning less than $50,000 annually, a significant majority (57%) described their financial situation as “bad.” While the higher income bracket ($50,000-$100,000) had a more positive outlook, with 61% reporting their finances as “good,” a substantial portion (35%) still felt financially strained.
Overall sentiment toward the current economy remains largely unchanged, with about a third (33%) viewing it positively and 60% negatively. Inflation continues to be a major pain point, with 76% of respondents saying their income isn’t keeping pace with rising costs. Retirement worries also loom large, with 70% expressing anxiety about their savings.