A new study reveals Americans ARE NOT taking steps to ensure financial security. Freedom from the stress of money is Americans’ top dream for their future (59 percent), but more than 2 in 5 Americans polled have less than $1000 in their savings accounts.
Economists around the world are predicting another market slump, but most of us (4 in 5) don’t feel that we could survive another market downturn. At the same time, we haven’t adopted any better financial habits since the Great Recession. A recent PurePoint Financial study examines current behaviors, drivers and barriers to saving among U.S. adults. And, while consumer confidence is up, the survey found American men and women are saving less and have worse savings habits – median balances are down 35%, less people saving via direct deposit, and surprisingly more people are saving money in hidden places at home.
Yet saving can be fun – Americans say it’s more rewarding than losing weight. So what’s the disconnect and how do we get back on track?
Nationally recognized money expert, Stefanie O’Connell has helped thousands of professionals get more from their money so they can go after what they want. Whether planning to start a new business, fund a child’s education, or enjoy the freedom of retirement, Stefanie can help you establish goals, get back to saving money and building for the things that really matter in life.
Watch below for more information.