{"id":22961,"date":"2024-12-23T23:19:58","date_gmt":"2024-12-23T23:19:58","guid":{"rendered":"http:\/\/www.thinkadvisor.com\/2024\/12\/23\/americans-plan-to-focus-on-financial-stability-in-2025\/"},"modified":"2024-12-23T23:19:58","modified_gmt":"2024-12-23T23:19:58","slug":"americans-plan-to-focus-on-financial-stability-in-2025","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/12\/23\/americans-plan-to-focus-on-financial-stability-in-2025\/","title":{"rendered":"Americans Plan to Focus on Financial Stability in 2025"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/909880244\/0\/thinkadvisor.jpg\"><img decoding=\"async\" src=\"https:\/\/feeds.feedblitz.com\/-\/909880244\/0\/thinkadvisor.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/02\/09_People_Coin_Stack_Retirement_Adobe_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><!----><!----> <\/p>\n<div data-v-dede5a56 readability=\"14\">\n<p>Many also said they could improve their finances by paying down credit cards and increasing retirement savings.<\/p>\n<h2>Feeling Financial Stress<\/h2>\n<p>Forty-four percent of survey respondents reported feeling stress about finances, about the same levels as reported last year. Another 41% said they are more stressed this year, while just 16% said they are less stressed.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-dede5a56 readability=\"9\">\n<p>Fifty-two percent of millennials reported feeling more stress this year, compared with 37% of Gen Xers and 23% of boomers.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-dede5a56 readability=\"12\">\n<p>As to what is causing their financial stress, 54% of respondents put it down to the cost of day-to-day expenses, 49% said their income or retirement income is too low, 35% cited too small an emergency fund and 35% said too much debt is contributing to their financial stress.<\/p>\n<\/div>\n<p> <!----> <\/p>\n<div data-v-dede5a56 readability=\"7\">\n<p>The survey found that a majority of Americans confess bad financial habits:<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-dede5a56 readability=\"10\">\n<ul class=\"rte2-style-ul\" id=\"rte-0f879890-befe-11ef-98ab-db21e9110d3c\">\n<li>30% spend too much on things they do not need<\/li>\n<li>28% do not save any money<\/li>\n<li>27% save some money, but not as much as they could<\/li>\n<li>23% are not paying down debt fast enough<\/li>\n<li>21% spend more that they make<\/li>\n<\/ul>\n<p>Many Americans surveyed have a brighter outlook for their finances in the new year. Thirty-five percent of respondents expect their financial situation to improve. At the same time, 25% said their overall financial situation improved in 2024.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-dede5a56 readability=\"11\">\n<p>\u201cAmericans who are looking to improve their financial health in 2025 can work with a financial professional who can help them create a strong financial strategy for their future,\u201d LaVigne said. \u201cThat strategy can help decrease stress by providing a guide for how to curb excessive spending and prioritizing saving.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Many also said they could improve their finances by paying down credit cards and increasing retirement savings. Feeling Financial Stress Forty-four percent of survey respondents reported feeling stress about finances, about the same levels&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/12\/americans-plan-to-focus-on-financial-stability-in-2025.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22961"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22961"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22962"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}