Americans Expect To Be Better Off in 2025 [Video]

What’s New

Americans are expecting to have fuller wallets in 2025, according to a new survey by WalletHub.

Why It’s Important

The U.S. economy has experienced the most robust recovery from the coronavirus pandemic among major developed nations. As things stand, it is looking in considerably better shape than it was just a few years ago: annual inflation is nearing the Federal Reserve’s 2 percent target without triggering a recession, with recent rate cuts helping toward this, while consumer spending and the employment rate remain relatively strong.

While markets reacted favorably to the election of Donald Trump in November, with experts predicting further growth on strong foundations, there still remains some uncertainty about some potential fiscal policies earmarked for the incoming Republican administration, such as tariffs, mass deportations, as well as corporate and personal tax cuts.