Americans Head Into 2025 With Financial Confidence: Survey
January 14, 2025 by Michael S. Fischer
Some two-thirds of Americans in a recent survey said they remain confident that they will meet their financial goals despite continuing financial pressures as they head into the new year, New York Life reported Tuesday. This was the same level of confidence respondents expressed in a late 2023 survey.
The online poll was conducted Nov. 23 and 24 among a sample of 2,200 adults.
Wink’s Moore on the Market: Forty-three percent of respondents in a New York Life Insurance Company survey indicate that they are less financially secure, than at the end of 2023.
Yes, only 15% of respondents plan to work with a financial professional this year.
So, I felt better about my finances last year, but I am not going to work with a financial pro.
Interesting.
Fifty-two percent of respondents who receive financial advice said they felt more financially secure than they did a year ago, compared with just 27% who do not engage with a professional. The former are also much likelier than the latter to feel confident in their ability to reach their goals.
But, if I work with a financial professional, I will feel confident that I’ll reach my financial goals.
What a disconnect!
..and THAT is just the beginning. Check this one out for more insights like this-
(And thanks for the lead on the market research Allison Bell at ThinkAdvisor.) -sjm