Americans are becoming more and more uncomfortable about the state of the American economy and their own personal financial situation in the face of obstinate inflation and tariff wars.
At that time, 73% of respondents said they were “financially stressed”, with 66% of this group pointing to tariff wars as the main source, according to A new CNBC / SurveyMonkey online survey.
The survey of 4,200 American adults was carried out from April 3 to 7.
Americans feeling financially stressed
CNBC / Surveymonkey 2023,, 2024And this year has revealed that more than 70% of Americans said they were stressed by their personal finances. This year's survey revealed that 38% of respondents on the whole said they were “very stressed” and 29% of the High Besides with revenues of $ 100,000 or more also shared this feeling.
Consumers are, of course, increasingly stressed by the price increase For essential elements such as food, energy and refuge. This is due to a number of factors, including an increase in inflation, disturbances in the supply chain and geopolitical events.
In the new survey, 86% of Americans cite inflation as the main reason for their financial stress, while 75% stressed interest rates and 66% cited prices.
While inflation culminated at 8% in 2022, a 40 -year -old summit, he has since cooled considerably, reaching 2.4% in March. Despite this drop, the increase in prices in 2022 led to a loss of purchasing power for Americans, which means that they can buy less with the same amount of money than before.
It would take nearly $ 114 today to buy which would have cost $ 100 in January 2022, according to the Labor statistics office.
And while inflation has relaxed, the experts say that the repercussions of President Trump's business war threaten to put pressure on prices in the coming months.
Prices are generally considered to be inflationary, according to economists. Indeed, prices increase the cost of imported goods, which can then be transmitted to consumers in the form of higher prices. This may result in a temporary increase in the overall inflation rate.
“We know that the prices are inflationists,” said David McWilliams, economist, podcaster and author. “We know that it expects people's expectations for the amount of money they will have in their pocket in a few months.”
Thus, with regard to the financial stress caused by prices, 59% of those questioned by CNBC oppose the price policy of President Trump, with 72% concerned about the Impact on their personal financial situation.
Consequently, 32% said they had delayed or avoided making retail purchases, and 15% said they had “supplied”.
In addition, 34% of those questioned declared that they had changed their investments due to the recent volatility of the price market markets.
Manage financial stress
Many investors are concerned about their retirement savings, but financial experts say that it is important for those who have a long-term perspective to understand that short-term market volatility is a distraction that is better ignored.
“The most important thing is that it is unknown, and when we do not know things, and we cannot control things, that's when our anxiety and concern can increase, and it is contagious,” said George James, therapist and approved executive coach, George James, CNBC Global Financial Wellness Advisory Board Member, approved therapist and executive coach.
Although the market can participate in a jumped ride in the coming months, experts say it is best to keep the course and avoid making major wallet changes depending on the latest news.
Manage investments during the last price volatilityFor example, financial advisers urge investors to maintain a long -term perspective, to examine and potentially adjust their asset allocation and to consider diversification to mitigate risks. It is also intelligent to strengthen emergency funds, review your risk tolerance and explore opportunities for Tax loss harvest.
Financial experts also urge investors to focus on their risk appetites – and their objectives.
“It's time to assess financial needs, concerns and financial objectives in short, long -term.” Obtain specific to exact targets, deadlines around these targets and their level of importance (priority) can create clarity around what should be done, if necessary. “
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