The WalletHub Economic Index decreased by 13% between June 2024 and June 2025. This means consumers are less confident about their financial outlook this month than they were at the same time last year.

The WalletHub Economic Index is based on a monthly survey that evaluates economic prospects based on 10 components of consumer sentiment. These components revolve around how people feel about their finances, purchasing plans, and employment opportunities.

“The 13% decrease in consumer sentiment over the past year is a worrying sign that our economic recovery may be stalling, and it demonstrates that people are not optimistic about their financial future. People who have low financial confidence are likely to spend less money, make fewer large purchases, and pay down less debt than people with high confidence. As a result, when consumer sentiment experiences a significant decrease, that is negative for the economy.”

Chip Lupo, WalletHub Analyst

Main Findings

Change in WalletHub Economic Index: June 2025 vs. June 2024

Detailed Findings

• Year-over-year, consumers felt less confident about their financial outlook in June 2025, with the value of the overall index registered being 13% lower than in June 2024.

Overall

Month	Consumer Index
Dec-20	2.4367
Jan-21	2.5875
Feb-21	2.6973
Mar-21	2.8747
Apr-21	2.8602
May-21	2.9083
Jun-21	2.8467
Jul-21	2.8809
Aug-21	2.9561
Sep-21	2.7818
Oct-21	2.8905
Nov-21	2.7205
Dec-21	2.7919
Jan-22	2.9204
Feb-22	2.8592
Mar-22	2.7848
Apr-22	2.6812
May-22	2.7833
Jun-22	2.4610
Jul-22	2.7971
Aug-22	2.8198
Sep-22	2.7463
Oct-22	2.7448
Nov-22	2.6210
Dec-22	2.7067
Jan-23	2.5536
Feb-23	2.7050
Mar-23	2.5559
Apr-23	2.5974
May-23	2.8207
Jun-23	2.9142
Jul-23	2.8124
Aug-23	2.6164
Sep-23	2.7196
Oct-23	2.8747
Nov-23	2.8245
Dec-23	3.1176
Jan-24	2.6672
Feb-24	2.9604
Mar-24	2.6705
Apr-24	2.7031
May-24	3.4450
Jun-24	3.0243
Jul-24	2.9285
Aug-24	2.7318
Sep-24	2.8328
Oct-24	2.9703
Nov-24	2.9471
Dec-24	2.9900
Jan-25	2.6064
Feb-25	2.5645
Mar-25	2.4050
Apr-25	2.4889
May-25	2.5228
Jun-25	2.6218

 

• Decreasing financial optimism: In June 2025, consumers’ optimism about their finances recorded a slight increase (+1.6%) from the previous month. On the flip side, the level of optimism decreased by 1.3% over the past year.

• Decreasing stress: Consumers’ stress levels regarding money are lower (-6.5%) in June 2025 compared to the same period last year.

Note: The lower the value, the less stress people feel about money.

• Decrease in optimism: In June 2025, consumers’ optimism about whether their finances will improve in the next six months is lower (-7.3%) than it was last year.

• Less new employment opportunities: The share of consumers who feel new employment opportunities are “abundant” is lower (-4.7%) in June 2025 compared to last year.

• Weaker sense of job security: People’s confidence in having a job in the next six months is lower (-3.7%) in June 2025 compared to last year.

• Real estate popularity drop: Home-buying interest among consumers decreased by nearly 23% in June 2025 compared to last year, marking the second-largest decrease recorded since December 2020.

• Decreasing interest in auto purchases: The share of consumers who expect to buy a car in the next six months is roughly 21% lower in June 2025 compared to last year. This is the third-highest drop in auto purchase interest on record since December 2020.

• Large purchases are not a priority: In June 2025, consumers’ likelihood of making a large purchase in the next six months is almost 13% lower than it was last year, the third-sharpest drop in consumers’ interest in large purchases since December 2020.

• Decrease in debt-reduction confidence: The share of consumers who expect to have less debt after the next six months is lower (-1.5%) in June 2025 compared to last year.

• Credit score insecurity: The share of consumers who expect their credit score to increase in the next six months is lower (-1.9%) in June 2025 compared to last year.