How people feel about the economy

WalletHub -  Consumers feel around 13% less confident about their financial outlook this month than they did one year ago, according to the latest WalletHub Economic Index, released today.  The WalletHub Economic Index is based on a monthly survey that evaluates economic prospects based on 10 components of consumer sentiment. These components revolve around how people feel about their finances, purchasing plans and employment opportunities.

Key Stats

• Decreasing interest in auto purchases: The share of consumers who expect to buy a car in the next six months is almost 23% lower in February 2025, compared to last year.
   
• Real estate popularity drop: In February 2025, home-buying interest among consumers decreased by over 21% compared to last year.
   
• Large purchases are not a priority: In February 2025, consumers’ likelihood of making a large purchase in the next six months is almost 17% lower than last year.
   
• Decrease in optimism: In February 2025, consumers’ optimism about whether their finances will improve in the next six months decreased by roughly 9% compared to last year.

The complete WalletHub Economic Index results can be found at https://wallethub.com/edu/wallethub-economic-index/91926