As economic uncertainty and inflation continue, a new survey reveals that a majority of Americans are significantly adjusting their financial management habits.
According to a recent study conducted by OnePoll on behalf of National Debt Relief, 74% of U.S. adults report that concerns about a potential recession have prompted them to reevaluate their financial behaviors.
The survey, which included responses from 2,000 Americans, indicates that many are adopting more cautious approaches to spending, saving, and managing debt.
Nearly half (45%) of respondents have already taken steps to pay down existing debt, and 70% express greater concern about their finances than they did a year ago. This heightened anxiety has led to lifestyle adjustments, with 68% prioritizing the building of emergency savings and 61% budgeting more strictly for non-essential expenses.
The study also highlights a shift in how Americans perceive long-term financial security. A majority (55%) are now more focused on reducing debt than on increasing their income. Additionally, 62% have changed their definition of financial success, placing greater emphasis on stability and flexibility rather than wealth accumulation.
“Americans are not just tightening their belts; they’re rethinking their entire approach to money,” said Natalia Brown, Chief Client Operations Officer at National Debt Relief. “This data shows that people are taking financial stress seriously and are taking action to regain control.”
The study found that nearly six in ten Americans (57%) have delayed major purchases, such as cars or homes, due to economic concerns. Furthermore, 43% have taken on side jobs or freelance work to help cover rising expenses.
While inflation and recession fears remain prevalent for many households, the survey suggests that these economic strains are also fostering a sense of resilience. More than half (52%) of respondents feel more financially disciplined than they did a year ago.
As Americans navigate these economic challenges, the data emphasizes a broader cultural shift: financial caution is becoming the new norm.
