American Families Are Worried About a Recession

CNBC reports that nearly half of middle class Americans are worried about a recession.

Although the majority of those polled said they feel relatively stable overall, they graded their chances of achieving the American dream as a “C,” down from a “B-minus” in the fall, the insurance provider found. Close to half were increasingly concerned about an upcoming recession.

CUNA Mutual Group surveyed more than 1,200 adults with an annual income between $35,000 and $100,000 in May. Allianz Life polled more than 1,000 adults in the same month.

A separate report by Allianz Life found that 48% said they fear a major recession, up from 46% in the first quarter of 2019 and 44% one year ago.

Read more