Amid ongoing economic uncertainty, Americans are rethinking how they manage their finances and implementing significant changes. A new survey by Affirm and Talker Research of 2,000 adults revealed that 77% have adjusted their financial habits in response to current economic conditions. With 86% believing the economy remains unstable and 58% convinced a recession is inevitable, Americans are prioritizing predictability, control, and long-term planning. Half of the respondents claim to have cash reserves for unexpected expenses or emergencies. Additionally, 41% aim to manage their budgets with fixed and predictable payments to avoid financial surprises, while 36% are focusing more on their long-term financial goals. On average, respondents expect this period of economic instability to last another 10 months, which will likely lead to even more conservative financial behavior. About 28% are working on improving their financial literacy, 23% are exploring alternative payment methods, and 19% are seeking better value and service from their financial providers. Americans are demanding more from their financial tools in the current economic climate. They seek solutions that help them manage their budgets, avoid hidden costs, and maintain financial resilience during tough times. “Consumers clearly want more control,” said Vishal Kapoor, Senior Vice President of Products at Affirm. “From options with a 0% APR to predictable monthly payments, we help people spend smarter and plan for their future with confidence.”
— new from Independent en Español
