About one-in-three U.S. adults say their family’s finances have gotten worse in the past year, while another 40 percent said it roughly stayed the same, according to a new poll.
The latest Yahoo Finance/Marist Poll survey, released Monday, found that 33 percent of U.S. adults said their family’s finances have deteriorated in the last year. Another 27 percent argued it has gotten better while 40 percent stated that their family’s financial conditions stayed the same.
Older generations, nearly four-in-ten of Gen X and 35 percent of Baby Boomers, are more likely to say their finances have gotten worse. Roughly 29 percent each of millennials and Gen Z said the same, the poll shows.
Nearly half of households, 47 percent, who are earning below $50,000 annually, said their finances are declining. Twice as many male respondents, 36 percent, said their finances have gotten better over the past year compared to 18 percent of women.
Around 45 percent of adults said the cost of living in their area is either not very affordable, 36 percent, or not affordable at all, 9 percent. More than half, 55 percent, said their area is affordable — with 11 percent of respondents saying "very" affordable and 44 percent choosing just "affordable," according to the poll.
Men, 60 percent, are more likely than women, 50 percent, to think that the cost of living in their area is either "very" affordable or just affordable.
Around half of Americans are at least somewhat satisfied with their savings. Roughly another third, 31 percent, said they are very dissatisfied or completely dissatisfied with their savings levels. Another 18 percent were somewhat dissatisfied, per the poll.
The Yahoo/Marist survey was conducted from June 13-17 among 2,575 adults. The margin of error is 2.1 percentage points.
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