A third of Americans expect their finances to get worse this year

University of Michigan

reveals a large swath of the population bracing for a tougher time ahead. Thirty-two percent of surveyed adults expect their finances to worsen over the next 12 months, the university's Surveys of Consumers said in a Friday report. That's the largest recorded share since the survey started in the mid-1940s.

The slowing wage boom is also cause for greater concern. Half of surveyed households anticipate their inflation-adjusted incomes to drop through the year, according to the report, meaning inflation will outpace wage growth. The reading comes after government data showed the average hourly wage, badly missing forecasts and signaling the historic pay gains seen through the pandemic could be fading.

Americans' overall moods broadly worsened over the past month according to the University of Michigan. Consumer sentiment sank to 59.4 from 62.8 in March. That's also down from a year-ago reading of 84.9 and marks the most pessimistic sentiment in nearly 11 years.

Americans' soured economic sentiment comes despite an otherwise healthy recovery. The labor market is

Power full piple come to power full plese

三分之一的美国人预计今年他们的财务状况会恶化

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Biggest share of Americans since 1940s say their financial health will get worse in year aheadThe final reading of U.S. consumer sentiment in March fell slightly to 59.4 and stayed at a nearly 11-year low because of high inflation and angst about the... This is a serious error CAUSED by IDEOLOGY that is at least 10 years away economically. Oil & Natural Gas must be utilized to keep costs low until the TECHNOLOGY of renewable energy is fully EFFECTIVE.
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