A Pew Research Center survey found that only 26% of U.S. adults rated the economy as “good” or “excellent” and just 29% thought the economy would be better off in one year. Economic concerns in 2025 include tariffs, inflation, taxes, and debt, with potential shifts expected through 2025 and beyond.

Financial influencer Jaspreet Singh discussed the impact of the Federal Reserve’s decisions on the economy, as well as the potential consequences of President Trump’s requests for rate cuts and calls to remove Federal Reserve members. Singh highlighted a major shift expected in mid-2026 when Federal Reserve Chair Jerome Powell’s term is up.

The Federal Reserve recently made 0.25% rate cuts after ongoing concerns about tariffs and inflation. Singh explained how these rate cut decisions can impact overall spending and the national debt, which is around $38 trillion according to the U.S. Treasury.

Other countries are showing interest in competing with the U.S. dollar, leading to moves toward de-dollarization. Singh discussed a proposed BRICS payment system and potential currency backed by gold, noting that gold prices usually rise when confidence in the U.S. dollar decreases.

Negotiations and uncertainty surrounding tariffs have shaken up the stock market. Singh discussed the role of tariffs in helping the government compensate for less tax revenue following recent tax cuts. The impact of these economic factors may lead to changes in the economy.

Stress from the country’s rising national debt has led to demands for interest rate cuts. Many American households are facing increasing debt due to rising expenses and stagnated wages, impacting overall spending and potentially slowing the economy. According to the Federal Reserve Bank of New York, American households owed $18.39 trillion in Q2 2025.

Read more at Yahoo Finance: 5 Economic Shifts To Expect Before 2025 Ends, According to Jaspreet Singh