Many Americans are feeling concerned and stressed about their finances, with a decline in feelings of security and contentment compared to last year. This trend is reflective of a growing negative perception of the U.S. economy.
Reports show that ratings on the U.S. economy have reached their lowest levels since 2023, with three-quarters of Americans expressing concerns about their incomes not keeping up with inflation. The economy is being described as “uncertain,” causing worry among individuals about both short and long-term financial stability.
Factors such as rising gas prices, unclear situations in Iran and the Strait of Hormuz, frustration with President Trump’s economic strategy, concerns about AI taking jobs, and a sense of decreased opportunities compared to their parents’ generation are all contributing to these financial anxieties.
President Trump’s economic policies are facing criticism, with two-thirds of the country believing they are worsening the economy in the short term. The overall sentiment towards the administration’s economic approach is one of frustration and anger. Republicans, typically supportive of Trump, are also expressing concerns about his handling of inflation and his overall economic performance.
Despite these challenges, neither Democrats nor Republicans are seen as effective in addressing the cost of living, leading many to question the effectiveness of both parties’ economic policies. Looking ahead, a majority of Americans anticipate a recession or slowdown in the U.S. economy, reflecting a general sense of pessimism and uncertainty.
A nationwide survey conducted in May 2026 by CBS News/YouGov offers insight into these deep-seated financial concerns and highlights the widespread feelings of insecurity and apprehension about the current state and future outlook of the U.S. economy.
