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Federal Reserve Survey: Americans Highly Concerned About Price Increases by 2025

On May 13, according to the Federal Reserve's annual survey, the vast majority of Americans are still worried about high prices in 2025, while anxiety about the job market is also on the rise. In the context of near-stagnant job growth last year, 42% of adults expressed varying degrees of concern about 'finding or keeping a job,' up from 37% in 2024. Meanwhile, about nine out of ten respondents reported concerns about rising prices. The survey was conducted in October of last year, before the outbreak of the war in Iran, yet affordability issues for 2025 are already widespread and are expected to become a significant topic in the upcoming midterm elections. (Jinshi)

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