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Household Finance

All articles tagged with #household finance

economy1 year ago

US Household Financial Optimism Peaks Despite Inflation Concerns

Optimism about household finances in the U.S. has reached its highest level since February 2020 following Donald Trump's presidential election victory, according to a New York Federal Reserve survey. The survey showed that 37.6% of households expect their financial situation to improve in the next year, while those expecting a decline dropped to 20.7%. Despite solid economic growth, inflation remains a concern, with expectations slightly rising. The outlook for government debt also improved, with expected growth in debt decreasing to 6.2%.

economics2 years ago

"US Inflation Expectations Hit 3-Year Low, According to NY Fed Survey"

The December 2023 Survey of Consumer Expectations by the Federal Reserve Bank of New York reveals a decline in inflation expectations across short-, medium-, and longer-term horizons, reaching the lowest level recorded since January 2021 at the short-term horizon. Earnings and spending growth expectations also decreased, while perceptions of credit access and households' financial situations improved slightly. The survey provides insights into Americans' views on job prospects, earnings growth, spending, and access to credit, and includes measures of uncertainty regarding consumers' outlooks.

economy2 years ago

US Inflation Expectations Hit Two-Year Low in May

The Federal Reserve Bank of New York's May 2023 Survey of Consumer Expectations shows that short-term inflation expectations have declined to their lowest level in two years, while medium- and longer-term expectations have slightly increased. Labor market expectations were mixed, with expected earnings growth declining and unemployment expectations and perceived job loss risk improving. Households' perceptions and expectations for credit conditions and their own financial situations all deteriorated slightly. The survey is a nationally representative, internet-based survey of a rotating panel of approximately 1,300 household heads.

economy2 years ago

Inflation Expectations and Economic Concerns Impact Markets.

The Federal Reserve Bank of New York's April 2023 Survey of Consumer Expectations shows that short-term inflation expectations declined, while medium- and longer-term expectations increased slightly. Labor market expectations deteriorated slightly, with unemployment expectations and perceived job loss risk increasing and job finding expectations decreasing. Perceptions and expectations of credit conditions were mixed. Median expected growth in household income decreased, while median household spending growth expectations also decreased. The survey is a nationally representative, internet-based survey of a rotating panel of approximately 1,300 household heads.