Majority of Americans feel "strapped for cash" even without recession, survey finds

According to a new survey from the financial credit assistant company Kikoff, the majority of Americans believe that they are "strapped for cash" despite predisposed reassurances that there is no ongoing recession by politicians and economist analysts.

A man in deep anxiety, per Yahoo Life.

According to the Kikoff survey released alongside an official blog post by the same company, out of a large sample size of 2,083 U.S. adults in an Economic Trust Report conducted alongside Harris showed that a record 57% of Americans say that they "feel financially strapped for cash" even though the "U.S. economy is not currently in a recession."

In addition, 37% of respondents agreed that the rhetoric from the U.S. government does not accurately align with their own respective financial realities. 43% place more trust in financial advisors, 41% on friends & family, and 32% on "Fintech Platforms" over the government, showcasing how less trusted the government is among many Americans.

The same poll showed that a whopping 37% of respondents note personal finance as a "source of anxiety and/or stress," with 35% citing inflation as their top financial stressor, and personal debt at 16%.

These results come as many economist indicators such as stagnating CPI, higher-than-expected job growth, and stable credit scores

In other parts of the poll, 63% believed that the U.S. economy "isn't designed to benefit people like them."

Cynthia Chen, CEO of Kikoff.

"This survey validates what many people already feel—what looks stable on paper doesn’t always match the reality of day-to-day life," said Cynthia Chen, founder and CEO of Kikoff. "As a company grounded in trailblazing, consumer-first innovation, we believe it’s our responsibility to build tools that reflect the real challenges people face today. Our focus is on building solutions that are radically affordable, accessible, and designed for the real financial lives people are living today."

Meanwhile, major American political officials have continued to downplay concerns of recession as mainstream economic indicators garner attention. President Trump attempted to cool concerns of tariff-caused economist turmoil by posting on Truth Social on June 3rd, "Because of Tariffs, our Economy is BOOMING!"

In addition, Secretary of the Treasury Scott Bessent stated on an article by the Wall Street Journal, "The reason [recession risk] is lower: Trump paused some of the tariffs shortly thereafter. Economists expect stronger growth… lower risk of recession."

Despite politicians' quotes of optimism, many Americans are still largely not feeling improvements, according to this new survey's results.