Financial Well-Being Declined in 2024

November 24, 2025

A survey of financial capability conducted every three years found a substantial decline in many key measures from 2021 to 2024, a period of high inflation. Two-thirds of U.S. adults said that higher food expenses had caused them to cut back on other spending, and one in four reported spending more than their income. The percentage who said it was not difficult to cover expenses and pay bills dropped significantly, as did the percentage who were satisfied with their personal financial condition.



It's noteworthy that the highest point in both measures over the past 15 years came in 2021, a time when government stimulus payments and lower spending during the pandemic led to higher saving rates.

Bar graph comparing financial difficulty and satisfaction from 2009-2021. Blue bars show difficulty; green shows satisfaction. A person is in the background.

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

Doctor holding clipboard beside microscope and cancer ribbon in a medical lab illustration
By TFC Team • October 28, 2026
A charitable gift annuity can provide lifetime income while supporting a nonprofit. Learn how payments, tax benefits, risks, and eligibility shape your giving.
Person holding a phone beside a grocery basket of fresh vegetables and a receipt in a store aisle
By TFC Team • October 28, 2026
Stretch your grocery budget with ways to save, including loyalty deals, sale planning, bulk buying, freezing food, and choosing store brands over name brands.
Rocket launching with “IPO” on its body against a bright blue sky with clouds
By TFC Team • October 28, 2026
Record-breaking IPOs are reshaping markets. Learn how mega listings, investor demand, stock index rules, and limited share availability can affect portfolios.
Person pushing a red
By TFC Team • October 28, 2026
Credit card and student loan delinquencies climbed in early 2026. See the latest figures and how persistent inflation and high interest rates are straining household finances.
Show More