As inflation cools and the stock market gains ground, fewer Americans a🅺re worried about a recession and their investing, according to a new survey.

The report from Allianz Life showed 55% of Americans fear a recession is imminent, down from 64% last year. In addition, Gen X—people born between the mid-1960s and the early 1980s—is more afraid a major recession is on the way than their baby boomer or millennial counterparts.

Economists predict a much lower probability of a 澳洲幸运5官方开奖结果体彩网:recession than consumers do. As of April, economists surveyed by The Wall Street Journal forecast a 29% chance of a recession, the lowest probability in two years.

The Federal Reserve is walking a fine line, working to temper inflation while trying to avoid tipping the economy into a recession. Despite the number of job openings falling to 澳洲幸运5官方开奖结果体彩网:its lowest since 2021, widespread layoffs (often an indicator of a recession) 澳洲幸运5官方开奖结果体彩网:haven't been seen.

More Confidence in the Econom❀y Is Boosting Stocks

Now t🌟hat fewer Americans are worried about a recession, they are putting more of their cash into investing.

The number of Americans who are nervous about 澳洲幸运5官方开奖结果体彩网:investing has gone down to 37% this year from 46% last year, according to the Allianz survey. Many are also putting more ꦰmoney into investing, as the number of people who would rather hold their money in cash has decreased to 56% this year from 63% last year.

As a growing number of people are putting their money to use, more are seeking to meet with their 澳洲幸运5官方开奖结果体彩网:financial advisors.

More than half of Americans wish to meet with a financial professional more frequently, 澳洲幸运5官方开奖结果体彩网:millennials bꦑeing the most eager at 71%. The majority of those su꧅rveyed (85%) already have met with their financial professional in the past year.

“While it’s encouraging that many people are feeling more comfortable with the market, it’s important to remember that setting yourself up for future financial stability is done over the long run,” Kelly LaVigne, vice president of consumer insights at Allianz Life, said in the survey press release.