Economic Views Canada – U.S. | December 2024 : Are We Still in a Recession? What Canadians and Americans Are Saying

December 9, 2024

Every month, we conduct a survey of U.S. residents to explore their views on the economy and their finances. This month, our survey was conducted between November 29  and December 1st , 2024.

Some of the key highlights of our survey about the economy include…

  • The proportion of U.S. residents living paycheck to paycheck is up again, rising from 55% to 58% this month. This is the second-highest measure recorded after reaching 60% in September this year.

  • The perception of household finances has remained the same since the last measure, showing that 53% of Americans rate their household finances as being in good condition. Northeasterners are more likely to rate their household finances as being good than other groups (62%).

  • As in the last measure, more than one in two Americans (54%) believe the United States is currently in an economic recession.

  • Two out of five U.S. residents (43%) are worried about losing their jobs within the next twelve months, a proportion that reaches 54% among Americans aged 18 to 34.

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