Feelings of financial insecurity among Americans have reached their highest point in at least a decade.
A third of American adults in Northwestern Mutual’s 2024 Planning & Progress survey said they don’t feel financially secure. That’s up from 27% in 2023 and the highest measure going back to 2012.
“Despite the growing economy, Americans have had to endure one financial disruption after another over the last several years, and it’s hard to feel positive when you don’t know what’s around the corner,” said Christian Mitchell, the company’s chief customer officer, in a press release.
Feeling financially insecure is becoming way too common an emotion/a reality. After so many fin'l twists and turns since Covid, stability doesn't sound boring, it sounds like a luxury.https://t.co/52Hk65ETV1
— Suzanne Woolley (@WealthWatch) March 11, 2024