Americans Reveal Their Top Concerns For 2025
A study published in Dec. by WalletHub revealed 56% of Americans say inflation is their biggest financial concern heading into 2025.
Americans have one top concern for their finances heading into 2025: inflation. After years of steady, sharp increases in the cost of living, is it any surprise that we want this trend to end? There are many consequences to sudden changes in our financial system, many of which are also top concerns for Americans this year. Recession (16%), stock market drop (15%), job loss (8%) and real estate downturn (4%).
Sixty-one percent of respondents to WalletHub’s survey felt that they’d spend less money in 2025 compared to 2024. Almost half (49%) of the respondents said they would tell their former selves to save more money in their lifetimes.
Key Stats From WalletHub
- Biggest Worry for 2025: 56% of Americans say inflation is their biggest financial concern for 2025.
- Frugal New Year’s Festivities: More than 3 in 5 Americans expect to spend less money on New Year’s plans this year compared to last year.
- Wallet Optimism for 2025: Nearly 2 in 3 people say that 2025 will be better for their wallet than 2024.
- Financial Resolutions: 52% of Americans are planning to make finance-related New Year’s resolutions.
- Manifesting More Money: 41% of people making a financial resolution say they want to save more, while 21% want to spend less and 20% want to make more money.
- Stressed by Resolutions: 62% of Americans think New Year’s resolutions add too much pressure.
