A recent Bank of America survey has highlighted a growing concern among U.S. workers regarding their financial well-being. Conducted in May 2025, the survey included over 1,000 full-time employees and revealed that only 47% felt financially secure, a decline from 52% at the start of the year.
The survey also found that nearly 85% of respondents are carrying some form of personal debt. Additionally, 26% are actively seeking assistance with emergency savings, debt repayment, and overall financial wellness, a significant increase from 13% in 2023.
Despite these challenges, about 70% of employees remain optimistic about their financial future over the next three years. However, their short-term outlook is less optimistic, with 77% expressing concerns about the broader economy.
These findings come amid a slowing U.S. labor market and rising delinquencies, even among consumers with high credit scores. Credit scoring firm VantageScore has reported an increase in delinquencies, indicating that financial stress is affecting a broad spectrum of the workforce.
Financial experts suggest that individuals take proactive steps to improve their financial health. This includes creating and maintaining a budget, prioritizing debt repayment, and seeking professional financial advice when necessary. By implementing these strategies, workers can work towards achieving greater financial stability and peace of mind.
