New report finds consumers feeling more pessimistic about economy

9:10 a.m.
Monday, March 3, 2025 9:10 am

New report finds consumers feeling more pessimistic about economy

Consumers feel around 13% less confident about their financial outlook this month than they did one year ago, according to the latest WalletHub economic index.

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 almost 23% lower in February 2025, compared to last year.
Real estate popularity drop: In February 2025, home-buying interest among consumers decreased by over 21% compared to last year.
Large purchases are not a priority: In February 2025, consumers' likelihood of making a large purchase in the next six months is almost 17% lower than last year.
Decrease in optimism: In February 2025, consumers' optimism about whether their finances will improve in the next six months decreased by roughly 9% compared to last year.

The complete WalletHub Economic Index results can be found at https://wallethub.com/edu/wallethub-economic-index/91926