Decline in consumer optimism

WalletHub - Consumers feel nearly 10% 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 nearly 12% lower in March 2025, compared to last year.
   
• Credit score insecurity: The share of consumers who expect their credit score to increase in the next six months is roughly 9% lower in March 2025 compared to last year.
   
• Large purchases are not a priority: In March 2025, consumers’ likelihood of making a large purchase in the next six months is over 8% lower than last year.
   
• Decrease in optimism: In March 2025, consumers’ optimism about whether their finances will improve in the next six months decreased by nearly 5% compared to last year.
   
• Decrease in debt-reduction confidence: The share of consumers who expect to have less debt after the next six months is around 4.7% lower in March 2025 compared to last year.

The complete WalletHub Economic Index results