Where Americans' finances stand

In Gallup's annual Economy and Personal Finance survey, which was conducted from April 1 to April 15, just 46% of Americans described their current financial situation as "excellent/good," a number that has remained fairly consistent since 2022 and is only slightly higher than the responses given during the Great Recession from 2009 to 2011.

In addition, over half of respondents said recent price increases have been a hardship on their ability to maintain their standard of living, a number that has remained largely the same since 2023 after lowering in late 2021 and early 2022.

Meanwhile, a record-high 55% of respondents said their financial situation is getting worse, which marks the fifth consecutive year that more Americans say their finances are worsening rather than improving.

According to Gallup, the only similar multiyear period when the larger share of respondents felt their financial situation worsening was during the Great Recession.

When asked what the most important potential change to their health insurance would be, just under half of respondents said, "paying less out-of-pocket for healthcare" while just over 20% said, "eliminating prior authorization."

In addition, respondents overwhelmingly said they disapprove of how the Trump administration has handled the cost of healthcare so far.

Roughly two-thirds of respondents said they "somewhat disapprove" or "strongly disapprove" of how the administration has handled the overall cost of healthcare, while 59% of respondents said they disapprove of how the administration is handling the cost of prescription drugs and 58% said they disapprove of how the administration is handling fraud and waste in government healthcare programs.