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Here's where Americans think their finances are headed in 2020

Glass jar overflowing with coins

If you doubt your financial situation is going to improve in 2020, you’re not alone.

More than half of U.S. adults are skeptical that their personal finances will get better this year, according to a new survey of 2,634 adults  from financial website Bankrate.com

Among that group, 41% said their finances will mirror what they were in 2019, while 16% believe they will get worse.

“Those not expecting their finances to improve this year are far more likely to say its because they’ll stay the same … rather than deteriorate,” says Greg McBride,  Bankrate.com’s chief financial analyst. “That’s consistent with an environment where unemployment is low and people are seeing pay increases.”

Wages brighten outlook for some 

Improving wages are a key reason why 43% of Americans said that their personal financial forecast should improve this year.

Nearly half said that will be due to heftier paychecks. Meanwhile, 42% said they will get a boost because they expect to carry less debt.

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