Median inflation expectations decreased by -0.2 ppts to 3.0 percent at the one-year-ahead horizon and were unchanged at 3.0 percent and 2.6 percent, respectively, at the three-year- and five-year-ahead horizons.

• Year-ahead expectations about households’ financial situations improved, with a larger share of households expecting a better financial situation and a smaller share of households expecting a worse financial situation in one year from now.
• The median earnings growth expectations dropped -0.2 ppts to 2.5%, the joint-lowest since April 2021.
• The mean perceived probability of losing one’s job in the next twelve months decreased by 0.8 ppt to 14.0 percent, the lowest level since December 2024. The decrease was broad-based across age and education groups.
• Perceptions of credit access compared to a year ago showed a smaller share of households reporting it is harder to get credit. Expectations for future credit availability also improved in June, with a smaller share of respondents expecting it will be harder to obtain credit in the year ahead.

• The mean expectation of higher unemployment dropped -1.1 ppts to 39.7%, the lowest since February. The declines were most strongest in higher-income and more educated groups.