Inflation Still Top Worry, But Politics Weigh on Wealthy; Credit Card Debt Soars as Homebuyers Frustrated
• Inflation top concern overall (84% cite as #1 worry), but politics is biggest worry for affluent (90% say political environment #1 concern)
• Credit card debt hit record highs in 2023; 1/3 of Americans uncomfortable with debt accumulated
• Housing market discouraged nearly half of potential homebuyers due to high prices and interest rates
• Recession fears have cooled from 2022 (78% to 78% cite as top concern)
• Market volatility over past 2 years has taken financial and emotional toll on all wealth levels