A majority of Americans have a negative view of the economy, a survey from CNBC found.
their wages are falling behind inflation and the same amount said they believed the nation was headed for a recession or was already in one.37% of respondents expected their wages to increase in the next year, a higher percentage than the average of previous years, and 63% of employed Americans are not worried about losing jobs, an increase from late last year.The rising inflation Americans grappled with for months finally let up last month.
After hitting 40-year highs in 2022, the Labor Department reported the Consumer Price Index rose at an annual rate of 5% in March, the lowest level since 2021,and an indication that inflation is trending downward. Inflation, combined with the rise in interest rates that the Federal Reserve employed to temper inflation, have hit many Americans hard.
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