Financial Challenges and Loneliness Contribute to Decline in Happiness Among Young Americans
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The US economy is showing signs of improvement, with the GDP growing by 3.3% in the fourth quarter of 2023 and the unemployment rate below 4%. However, despite these positive indicators, many Americans are still facing financial challenges .
According to Northwestern Mutual’s 2024 Planning & Progress Study, Americans have a more optimistic view of the direction of the US economy than they did a year ago, but their feelings of financial insecurity have hit a record high. Just over half (54%) of US adults think that the US will enter a recession this year, a drop from the two-thirds (67%) who predicted a recession last year. At the same time, one-third (33%) of adults said that they do not feel financially secure, representing a jump from 27% who said the same last year and is the highest l...
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