High Earners Increasingly Struggle with Financial Pressures

Federal Reserve Bank survey reveals rising concerns among six-figure income earners about making ends meet.

Over 30% of Americans earning $100,000 to $149,999 are worried about their financial stability in the next six months.
32.5% of those making more than $150,000 share similar concerns, marking a significant increase from last year.
High inflation and interest rates are key factors driving financial anxiety across income brackets.
Many high earners are cutting back on discretionary spending, with some even reducing essential expenses.
Despite financial worries, consumer spending on travel remains robust, with TSA expecting record summer travel numbers.