For much of the past year, consumers have been sending conflicting messages.

They keep spending money while simultaneously telling surveys they feel pessimistic about the economy.

The Federal Reserve's latest annual household well-being survey helps explain why.

Americans' views of the national economy have deteriorated, yet many still feel relatively stable about their own finances.

The survey — which had more than 13,000 participants — showed that 73% of adults said they were either "doing OK" financially or "living comfortably" in 2025, unchanged from the prior year.