A recent Rasmussen Reports survey revealed that 41 percent of Americans believe their personal finances have worsened in the past six months.
Additionally, 32 percent anticipate further decline, while 25 percent expect improvement, and 36 percent expect no change.
The survey also found that 28 percent of adults have been late on major monthly payments in the past six months, with differences observed across demographic groups. (Trending: Could Taylor Swift Save Biden In 2024?)
According to the poll, “Twenty-five percent of whites, 40 percent of blacks and 28 percent of other minorities have been late at least once in making a major monthly payment in the past six months. Whites are less likely to expect a worsening financial situation in the new six months.”
“However, Democrats (36 percent) are also more likely than Republicans (28 percent) or the unaffiliated (20 percent) to have been late on a major payment in the past six months,” read the report.
According to the poll, “Among those who say their financial situation has gotten better in the past six months, 67 percent expect it to get even better in the next six months.”
Notably, younger adults and men under 40 are more likely to have made late payments, while older Americans are more likely to report worsened financial situations.
Political affiliation and marital status also seem to influence financial perspectives, with Democrats more likely to report both improved financial situations and late payments.
Additionally, income level is correlated with financial outlook, as higher earners are more likely to report improved finances.
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