India, June 10 -- Americans are feeling more financially negative than they have in the last four years, according to a Federal Reserve Bank of New York survey of Consumer Expectations.

The report, based on a monthly survey done between May 1 and May 31, shows that 13.3% of households said they are "much worse off" financially compared to one year ago. This number is more than 2% higher than the previous month and is the highest level since July 2022.

Around 36% of Americans believe their financial situation will get worse in the next year. Less than 23% of people expect their situation to improve, which is the lowest optimism level since October 2022, as per the survey. Even with this negative mood, fewer people now expect unemployment...