Economy

Americans worried about the economy before inflation, Fed survey shows

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A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.

Jim Watson | AFP | Getty Images

Americans already were getting nervous about the state of the national economy late last year, before the spate of surging prices and fears of a looming recession that have arisen in 2022, according to a Federal Reserve survey released Monday.

The Fed’s annual Survey of Household Economics and Decisionmaking for 2021 showed that just 24% thought national economic conditions were good or excellent. That was down from 26% in the pandemic-scarred 2020 and a tumble all the way from 50% in…



Source cnbc.com

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