48% of Americans Say Finances Worsened in May as Inflation Seen Hitting 4.2%
Updated
Updated · CBS New York · Jun 8
48% of Americans Say Finances Worsened in May as Inflation Seen Hitting 4.2%
3 articles · Updated · CBS New York · Jun 8
Summary
48% of Americans said their finances were worse in May than a year earlier, the highest share since January 2023, according to the New York Fed’s Survey of Consumer Expectations.
Future sentiment also deteriorated: the net share expecting finances to improve over the next year fell to its lowest level since October 2022 as oil, gas and other prices climbed.
15% of respondents said they could lose their job within a year, above the survey’s 12-month average, while confidence in finding a new job dropped to its lowest since December 2025.
Wednesday’s CPI report is expected to show inflation accelerated to 4.2% in May, a three-year high, reinforcing pressure already visible in wages lagging prices and credit-card delinquencies at their highest since 2011.