economy
Americans feel OK about personal finances, less about economy: Fed survey
For the first time, the Federal Reserve's household survey asked about generative AI use at work.
TL;DR
- 73% of adults report being financially stable or comfortable, a figure unchanged from the previous year.
- Only 25% of Americans rate the national economy as 'good' or 'excellent', a significant drop from pre-pandemic levels.
- Price increases are the most common financial concern, cited by over 90% of adults.
- Concerns about finding or keeping a job have risen to 42% of adults.
- One in four workers reported using generative AI on the job, with higher adoption among those with graduate degrees.
- AI users were more optimistic about its impact on their careers compared to non-users.