Nearly half of Americans say they're worse off financially than a year ago, NY Fed finds

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The U.S. economy may be holding up better than expected, but Americans are growing more pessimistic about their personal finances. Roughly 48% of Americans said their financial situation was worse in May than a year ago, the highest share since January 2023, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations . Consumers are also less optimistic about the future. The share of households expecting their finances to improve over the next year, relative to those

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