US Consumers Are on Edge About Income, Retirement in Latest Data
- Weaker prospects of real income growth, comfortable retirement
- Election adds to uncertainty in University of Michigan survey
This article is for subscribers only.
A record share of households are uncertain about the US economic outlook, most expect inflation to take a bigger chunk of their incomes and the likelihood of a comfortable retirement is the lowest in a decade.
Americans have been financially stressed from a higher cost of living and elevated borrowing costs, and a topsy-turvy election year is contributing plenty to uncertainty, according to the latest data from the University of Michigan.