Ismael Cid-Martinez, an economist with the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy, noted in a blog post, “The Trump-Vance administration inherited a strong labor market with record employment and wage gains.”
However, after a year of what he calls “economic mismanagement,” Cid-Martinez suggests the survey is proof that workers are no longer confident in the job market and are worried about affordability.
Additionally, 73% of respondents said they were “doing okay financially” or “living comfortably” in 2025. However, there were “meaningful declines” when considering particular demographics such as low-income, young, and Black adults, according to the blog.
Specifically among Black adults, financial well-being declined nearly 5 percentage points to 60%, down from 68% in 2023 and marking the lowest level since 2015.