The gap between expert indicators of world economic strength and how citizens rate financial stress paints a bleak picture in a new CNBC|SurveyMonkey poll.
Despite a strong global economy, roughly half of adults are stressed about their personal finances in every country studied around the world, according to new CNBC|SurveyMonkey data.
The International Your Money Financial Security Survey finds that more than half of adults around the world identify as middle class, but half of these people say they are living paycheck to paycheck.Between inflation, layoffs, geopolitical tensions, and recession worries, economic uncertainty has hit the average person in many ways. And yet, according to most major metrics, the global economy is doing just fine.
There also seems to be a pessimistic view of long-term economic health. Parents who say they expect their children to be better off than they are financially are the minority in all countries except for the U.S., Mexico, and Singapore. Optimism is especially low in Europe — it's the lowest among parents in Spain and France, with 43% of parents in France and 42% of parents in Spain thinking their children will be worse off than they are.
Despite the majority of respondents expecting to need government support in retirement, many lack confidence in their government's ability to actually support them. France and Germany have the least confidence that their governments can support them in retirement. Singapore is far and away the most confident in this regard, with 78% reporting they are confident their government can offer support. In the U.S.
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