In 2025, Americans face financial challenges due to inflation effects, higher tariffs, interest rates, and a tight labor market. Credit card balances are at record highs, student loan delinquencies are up, and many lack emergency savings. A Yahoo Finance/Marist Poll survey shows a divided view on personal finances.

45% find their area’s cost of living unaffordable. 1 in 3 say their financial situation worsened in the past year, mostly affecting lower-income and older individuals. While 45% are satisfied with savings, 3 in 10 are very dissatisfied. 40% cut spending when expenses exceed income.

Many Americans struggle with the cost of living despite slightly positive outlooks among younger generations. Inflation remains elevated, with a 2.7% rise in the Consumer Price Index. Men find costs more affordable than women, and younger generations are more positive.

35% of Americans are dissatisfied with their savings, especially older generations. Lower-income earners are less satisfied. Men are more satisfied than women. Median weekly earnings for full-time workers increase, but many still struggle to cover expenses.

Concerns about expenses exceeding income are prevalent. Lower-income households are more likely to cut spending. Baby boomers and older generations report monthly budget surpluses. Income affects financial satisfaction and budgeting decisions.

Knowing your credit score is crucial for financial health. While most Americans are aware of their scores, there is a knowledge gap on how spending habits affect credit. Men and higher earners show more awareness of credit score impacts.

Credit scores influence financial decisions for 44% of Americans, with generational differences. 42% say their credit score helped them achieve financial goals. Income plays a role in how credit scores affect financial goals.

Net worth awareness varies by age, gender, and income. More than 4 in 10 Americans lack knowledge of their net worth. Men and higher earners are more likely to know their net worth compared to women and lower-income households.

Financial literacy is crucial in navigating economic challenges. Understanding your finances empowers better decision-making. My Money from Yahoo Finance offers free tools for managing credit scores, net worth, and cash flow. The survey was conducted in June 2025 with 2,575 adults, showing a ±2.1% margin of error.

Read more at Yahoo Finance: 1 in 3 Americans say their financial situation has deteriorated in the past year, new survey finds