Fed survey shows Americans' income outlook at all-time low
Roughly 37% of Americans told the Fed they cannot predict their income for next year. Overall confidence in future earnings has dropped to its lowest point on record, even though many feel steadier today than during the pandemic.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
The Federal Reserve's latest family finance survey found that 37% of Americans say they have no idea what their income will be next year. Confidence about next year's income has fallen to an all-time low. Americans nonetheless feel more financially stable than they did during the pandemic.
Why it matters
The survey shows a gap between Americans' current sense of financial stability and their confidence about the year ahead.
Coverage
- A Mortgage on the Median Home Now Eats 33% of Median Income. An All-Time High (Jake FitzGerald)
- The Top 10% of Earners Have a Median Net Worth of $3,669,900, and It Jumped 31% Since 2022 (Jake FitzGerald)
- A Record 37% of Americans Say They Have No Idea What Next Year's Income Will Be (Jake FitzGerald)
- U.S. Household Income Hits a Record $87,460 but This Couple Could Lose $3,000 a Month Even With Two Social Security Checks (247wallst.com)
- Just Over a Third of Homeowners Own Their Home Free and Clear. Here's What Everyone Else Owes (Jake FitzGerald)
- Homeowners Are Worth $458,900. Renters Are Worth $10,600. The Fed's New Data Is Brutal (Jake FitzGerald)
- Federal Reserve: US Loan Delinquencies Jump to 19.6%, Median Family Wealth Rises to $215,900 (coinpaper.com)
More from Business
- Musk pledges SpaceX stock for every American child next year
- Small businesses sue to halt Trump's tariffs on Canadian imports
- Houthi attacks force Saudi Arabia to postpone investor conference
- Bank of America keeps October rate hike call despite markets
- Connecticut man admits losing $1.16M of investor crypto funds
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread