More than 50% of Americans express deep concern about a potential market crash and its implications.
Financial Anxiety Peaks
Over half of surveyed Americans admit to holding excess cash, driven by fears of an impending economic downturn.
Cash Hoarding Trend
Millennials exhibit a heightened worry about job loss and tend to keep more money in cash compared to other generations.
Job Insecurity
Global Financial Downturn
Financial assets worldwide experienced a significant 2.7% decline in 2022, the most substantial since the 2008 Global Financial Crisis.
Hope for Growth
Economists from Allianz predict a rebound, expecting a 6% increase in global financial assets by the end of 2023.
Fed Rate Hikes
Americans grow increasingly pessimistic as the Federal Reserve hints at potential rate hikes and inflation remains stubbornly high.
Impact on Investments
Recession fears prompt more than half of Americans to keep an excessive amount of money in cash, altering their investment decisions.
Job Security Concerns
Millennials, comprising 52% of worriers, demonstrate a heightened fear of job losses due to economic downturns.
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