More than half of Americans think tariffs, inflation are a drag on their incomes

Rochester Voice 1 p.m.
Monday, September 1, 2025 1:02 pm

More than half of Americans think tariffs, inflation are a drag on their incomes

55% of people think tariffs and inflation are erasing their hard work, the personal-finance company WalletHub found in its Labor Day Survey. This nationally-representative survey examines Americans' Labor Day plans and how people have been impacted by the current economic environment.

Labor Day Survey

  • Economic Pressures Mount: 55% of people think tariffs and inflation are erasing their hard work.
  • Working harder for the money: 7 in 10 people say they're working harder this year than last year.
  • AI Anxiety: 2 in 5 Americans are concerned that artificial intelligence will take their job.
  • The Struggle is real: Nearly 3 in 5 Americans say it's not easy to get a job right now.
  • Financial Wellness a need: 93% of people think companies should offer financial wellness tools to employees.
  • Labor Day budget: Nearly 3 in 5 Americans say they don't have a budget for Labor Day spending.

Labor Day Fun Facts

  • 818 hot dogs are eaten every second from Memorial Day to Labor Day.
  • Over 712,000 workers' lives have been saved since the Occupational Safety and Health Act was enacted in 1970.
  • $174+ Billion is the annual cost of worker injury and illness in the U.S.


For the full survey results, please visit:
https://wallethub.com/blog/labor-day-spending-survey/39381