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The Economy Is Great, but Some Americans Don’t Feel Great About It

Three new surveys show household debt is climbing and many are stressed about a possible 2020 recession.

credit card debt growing Economic future is unclear according to new surveys. (Source: Shutterstock)

Even with all of the positive news about the economy – record low unemployment, strong consumer spending and solid stock market returns – recent surveys showed Americans feel the economy is actually hurting the poor and middle class, while household debt continues to increase despite income gains and consumers fear that a recession will ruin their finances.

According to a Pew Research Center Survey released last month, 69% said today’s economy is helping people who are wealthy, while only 10% said the rich are being hurt. When Pew survey takers were asked how economic conditions are affecting Americans and their families, 46% said they are being hurt, 31% said they’re being helped and 22% said they don’t see much of an impact.

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