Financial well-being dips for U.S. adults in August

In no uncertain terms, U.S. adults are worried about their financial future.

However, these fears are not equally felt across all populations. Older demographics, such as baby boomers, and high-income earners are more likely to report stable financial wellness scores. However, for others, August saw a drop in confidence for their personal economic fortunes.

(image via Morning Consult)

For business leaders, the data is a warning against seeing one’s own financial resilience as a stand in for the feelings of workers across your organization. Employees at the bottom of the pay scale are shown to have diminishing faith in economic recovery and stability going forward, driven by the ongoing effects of COVID-19 and the Delta variant.