Thursday, January 1

Financial anxiety surges in 2026 as Americans brace for economic decline, survey reveals


RALEIGH, N.C. (WTVD) — A Garner mother is preparing to return to work on Monday after welcoming her third child and using up the last of her maternity leave.

While Chantelle Aquila is excited about her family’s new addition, she is also concerned about the rising costs of living and inflation.

“My biggest concern is to see just how much food is going to cost again,” Aquila said.

The start of 2026 has brought renewed financial anxiety for many, with concerns about the economy on the rise.

According to a recent Bank Rate survey, fewer Americans expect their finances to improve this year compared to two years ago. The survey revealed that 32% anticipate their financial situation will worsen, while 78% predict further declines next year, often attributing this outlook to high inflation.

David Weiss, a financial advisor at Weston Banks, said tariffs could affect consumers more in the new year.

“A lot of companies have absorbed tariffs so far because they don’t want to choke off their demand,” he said.

Weiss recommended staying committed to long-term investments. For those unable to afford financial advisory services, several free mobile apps are available to assist with future financial planning.

“If you let fear kind of gauge what you’re trying to do, then you’ll try to sell things. Then you don’t know when to get back,” he said. “It’s kind of staying the course, and whether you do it on your own or if you’re working with a financial professional, just having a process.”

Aquila says she spent most of 2025 on a tight budget. Her partner is trying to bring in more as we head into the new year.

“He’s currently looking for another job,” said Aquila.

She’s hoping 2026 will offer opportunity for her family to make new memories.

“I wish I had extra money to do the fun things and vacations,” she said. “I would love to take my family on a vacation, but I just can’t right now.”

The Bank Rate survey also found that 19 percent of Americans said paying down debt is their main financial goal for 2026.

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