Overview

• Three in five Americans think the U.S. is in a recession, with many citing March 2023 as the starting point.
• Inflation and high living costs are the primary reasons for the negative sentiment, affecting financial confidence.
• Most consumers report cutting back on spending and struggling with credit card debt.
• Despite Wall Street's optimism, many Americans feel financially strained and are seeking better budgeting options.
• Flexible payment methods like 'buy now, pay later' are gaining popularity as people look for ways to manage their finances.