(Undated) — U.S. households are growing more worried over their financial situation.
A Federal Reserve Bank of New York survey found the inflation outlook was mostly unchanged while the general perception of conditions deteriorated. According to the survey, the total number of respondents who saw either a much or somewhat worse situation from a year ago was 43-point-seven percent, which the New York Fed said was the highest since January 2023.
When assessing respondents’ outlook for the coming year, findings show those expecting their situations to be either much or somewhat worse totaled 36 percent while those seeing things improve totaled nearly 23 percent. The net between those seeing better versus worse conditions hit its lowest since October 2022.
