Americans’ Outlook for Personal Finances Is Getting Gloomier
Shoppers on Market Street in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Americans are turning pessimistic about their personal financial outlook over the coming year, as interest rates increase and pay raises slow down.
Less than one-third of respondents to a monthly survey conducted by Fannie Mae said they expect their personal financial situation to get better over the next year, the lowest reading in a series that goes back more than a decade.