Financial Anxiety Is Rising. Here’s What You Can Do About It
A shopper pays with a credit card at a farmer's market in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The stock market has been hitting record highs. Yet US consumers are feeling low. What gives?
Partly, this ties into the adage that “the market is not the economy.” Sure, meme stocks have soared. But so too have debt delinquencies, even for higher-income borrowers. The share of Americans saying jobs were hard to get recently increased to a four-year high, and the country just notched the worst three months for job growth since the pandemic. All the while, the US housing market has logged its slowest spring selling season in more than a dozen years.