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 over 32% lower in May 2025, compared to last year. This is the
highest drop in auto purchase interest on record since December 2020.
- Real estate popularity drop:
Home-buying interest among consumers decreased by nearly 30% in May
2025 compared to last year, marking the largest decrease recorded since
December 2020.
- Large purchases are not a priority:
In May 2025, consumers’ likelihood of making a large purchase in the
next six months is almost 22% lower than last year, the sharpest drop in
consumers’ interest in large purchases since December 2020.
- Weaker sense of job security: People’s
confidence in having a job in the next six months is over 16% lower in
May 2025 compared to last year. This marks the steepest decline in job
security sentiment since December 2020.
- Decrease in optimism: In May 2025, consumers’ optimism about whether their finances will improve in the next six months is almost 14% lower, compared to last year. This represents the most significant drop in financial outlook sentiment since December 2020.
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