New Year's Financial Resolutions: WORRY INCREASES Over Economic Collapse

1 year ago
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Fidelity Investments Survey Reveals New Year's Financial Resolutions: WORRY INCREASES Over Economic Collapse and most say they will be changing money habits to prepare.

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New year's financial resolutions: Americans plan to take caution in 2023
Fidelity Investments says Americans plan to save more money for short-term goals in 2023

Two-thirds or 66% of Americans plan to make New Year’s financial resolutions for 2023, according to a survey by Fidelity Investments. However, the economic turmoil of 2022 is persuading many to approach the new year with caution.

More than a third of respondents said they are in a worse financial situation this year than the year before. About half say they’re ready to "live sensibly" or "plan ahead," the survey said.

"After the stresses of the last few years, Americans are understandably taking a pragmatic view of their financial situation," Stacey Watson, the senior vice president of Life Event Planning at Fidelity Investments, said in a press release. "This is an encouraging indication of the grit and resilience we can tap into when the financial going gets tough. Given the ups and downs experienced, being creative and establishing new financial wellness habits are positive signs many are finding ways to shift the focus, pay down debt, or build up emergency savings. Proper planning, and balance, are key."

Moving forward, 39% of respondents plan to save more money, 28% are looking to spend less money and 32% want to pay down debt.

Click here to read the entire article - https://www.foxbusiness.com/personal-finance/new-years-financial-resolutions-2023?dicbo=v2-73ac129f5efe2e2e32620c16e6674fa6

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