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Fewer Americans feeling positive about their finances, survey says
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A growing number of Americans are feeling increasingly stressed about their financial situation. Many of them feel like it's getting worse as inflation continues to weigh on the U.S. economy and outpace pay raises.
Only 46% of adults say they are in "excellent" or "good" financial shape, down from 57% last year and marking the lowest reported percentage since 2015, according to a new survey by Gallup.
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This year, an additional 38% of Americans described their situation as "only fair." Meanwhile, 16% described their situation as "poor," which is "twice as high" as last year's figure, according to the data.
Just under half of Americans — 48% — say their finances are getting worse, "a reversal from last year when the majority said their finances were improving," according to Gallup.