Level of financial insecurity remains high, study finds
March 18, 2024 by Ayo Mseka
Even though Americans have a more optimistic view of the direction of the U.S. economy than they did a year ago, their feelings of financial insecurity have hit a record high, according to Northwestern Mutual’s 2024 Planning & Progress Study.
According to the research, just over half (54%) of U.S. adults think that the U.S. will enter a recession this year. While this number still represents a majority of adults, it’s still a big drop from the two-thirds (67%) who predicted a recession last year, the survey pointed out.
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