NY Fed: Financial Anxiety Reaches New Highs

The Federal Reserve Bank of New York's latest Survey of Consumer Expectations reveals a significant increase in financial anxiety among households, reaching levels not seen since January 2023. The May survey indicates a worsening perception of both current financial conditions and expectations for the upcoming year. This deterioration suggests growing unease about economic stability and personal financial well-being. The findings point to potential shifts in consumer behavior and spending patterns as financial worries intensify across a broader segment of the population.