New York Life 2025 Wealth Watch: Americans Remain Confident Amid Debt and Inflation Challenges

New York Life’s 2025 Wealth Watch survey reveals that 64% of American adults remain confident in achieving their financial goals, in line with 2023 figures. However, the report also shows that 43% feel less financially secure than the previous year, even as the average savings in 2024 reached about $7,460. At the same time, credit card debt increased to roughly $8,295, highlighting ongoing financial challenges.

The survey, published on January 7, 2025, also underscores concerns about inflation with 54% of respondents expecting it to affect their finances in the coming year. Moreover, individuals working with financial professionals report a higher degree of financial security and the benefits of a structured strategy. These insights paint a picture of a balanced but cautious financial outlook for Americans as they navigate debt and inflation in 2025.