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The November jobs report beat expectations. FOX Business’ Edward Lawrence and more.
As the new year approaches, most Americans have a positive outlook on how their economy will fare in 2025, a new poll has shown.
Bankrate said Thursday his research found that 44% of American adults expect their economy to be “good” or “very good” next year, an increase of 7 percentage points from the same period last year.
The survey, which was conducted on the financial website YouGov, was conducted from November 6, the day after the 2024 election, to Nov. 8 and affected approximately 2,500 American adults.
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Low inflation was the main driver behind the good looksand 36% of Americans point to it, according to the data.
Nearby, a girl is paying her bills in the kitchen (iStock/iStock)
The US saw it inflation measured by the Consumer Price Index increased by 0.3% month-on-month and 2.7% year-on-year in November, the government said.
Some factors led to positive economic prospects for 2025, the study found.
For example, more than a third of Americans who expect to see better money in 2025 said that “more money” would help improve their outlook. A slightly lower percentage (30%) indicates “having less debt,” while “the work done by elected representatives“and” good spending habits” also led to 25% optimism.
A July survey from Discover Personal Loans reported that 80% of Americans had “some degree” of financial anxiety.
Meanwhile, Bankrate found Thursday that 33% of Americans predict their finances will remain the same next year.
Just shy of a quarter of Americans have a pessimistic outlook on their finances, saying they expect things to be “about the same” or “worse,” a Bankrate survey showed.
Inflation also weighed heavily on US officials who expected the economy to worsen. This was followed by “work done by elected representatives” mentioned by 30%, “remaining or less money” mentioned by 28% and loans by 20%, among others, according to Bankrate.
“After the election, our survey found that some Americans see the elected officials as the reason why their economy is not going well (or why they need it), confirming the political divide. so that everyone can identify economic goals and take action,” said Mark Hamrick, an economist. in Bankrate.
Couples should come together to review finances and professional services if they plan to be together for the long term. (iStock/iStock)
About 21% of Americans are interested reduce their debts in the coming year, the survey found.
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As of the third quarter, American households have $17.94 trillion in debt, including things like mortgages, car loans, credit cards and student loans. According to Federal Reserve Bank of New York.
Americans had $12.59 trillion in bank loans in the third quarter, for example. Student loans totaled $1.61 trillion, while auto loans totaled $1.64 trillion, the New York Fed found.
