Nearly seven in 10 Americans hold negative views about the US economy and two-thirds say inflation is outpacing their wages, according to a stunning survey published Tuesday.
A total of 69% say they are downbeat about the country’s financial shape now and in the future, the highest percentage in the 17-year history of the CNBC All-America Economic Survey.
For context, pessimism about the current and future economy stood at 37% in April 2021 and rose to 68% in July 2022, roughly tracking with a spike in annual inflation from 4.2% in April 2021 to a four-decade high of 9.1% in June 2022.
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