Economic anxiety continues to grip most Americans, with new research showing that barely one in ten people feel truly secure about their money situation right now.
A recent survey asked 2,000 Americans how they feel about their current finances. The results? Only 13% said they feel “very good” while 28% reported feeling “somewhat good” about their financial standing.
Despite these worries, most people aren’t sitting idle. A striking 84% of respondents believe that building financial security has become more crucial than ever during these unpredictable economic times.
The economic climate has pushed many to action, with 51% of those surveyed saying uncertainty has motivated them to boost their financial knowledge. Meanwhile, 59% plan to learn more about managing money in the near future.
For those seeking to improve their financial literacy, the approaches vary. Most commonly, people plan to track what they spend (69%), while equal numbers (28%) intend to follow financial news and use budgeting apps. Some will turn to financial podcasts (23%), and others plan to break money taboos by discussing finances more openly with family members (22%).