2025 Consumer Sentiment Statistics
- Only 1 in 4 Americans (26%) feel better off economically now than they were in September 2024.
- Meanwhile, just a third (34%) expect to be better off in six months than now.
- Nearly 2 in 3 Americans (63%) don’t believe the U.S. government is taking the right actions to address economic concerns.
- Americans’ top economic worries are rising insurance costs (95%), inflation (94%), and the general state of the economy (89%).
- Almost three-quarters (74%) believe inflation will get worse in the next year, and 70% are more worried about inflation now than last September.
- Only 39% support President Trump’s handling of inflation so far.
- Nearly three-quarters of Americans (70%) are concerned about a potential housing market crash in 2025, and 1 in 3 (32%) are worried they won’t be able to afford their housing payments as a result of the 2025 economic climate.
- A majority of Americans (58%) say they’ve reduced non-essential spending in anticipation of the 2025 economic climate.
It should be higher and it should be already starting to happen…
- Job loss + inflation
- Credit Card Balances increase
- Credit Card Delinquencies rise
- Auto Loan Delinquencies rise
- Mortgages begin going past due
- Foreclosures begin
- Surrounding property values go down
- Negative equity in properties
- HELOCs out to offset earlier problems in 1-4 begin coming due but borrowers unable to satisfy or renew due to valuations
- Rocket Mortgage and other predatory online lenders begin firesales for their portfolios
- Brokerage firms begin looking into bankruptcies
- Big banks are leveraged to the hilt
- ……….. not sure because in 2008/2009 government did a bailout so we are into uncharted territory
h/t SKOLMN1984