{"id":40000,"date":"2025-04-22T03:26:08","date_gmt":"2025-04-22T03:26:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/40000\/"},"modified":"2025-04-22T03:26:08","modified_gmt":"2025-04-22T03:26:08","slug":"just-13-of-americans-feel-confident-about-their-finances","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/40000\/","title":{"rendered":"Just 13% of Americans Feel Confident About Their Finances"},"content":{"rendered":"<p><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Couple stressed over bills, money, debt\" data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Couple-stressed-over-bills-money-debt-1200x756.jpeg\"\/><\/p>\n<p class=\"post-featured-image-caption\">Couple stressed over money (\u00a9 JenkoAtaman &#8211; stock.adobe.com)<\/p>\n<p>In a nutshell<\/p>\n<ul class=\"wp-block-list\">\n<li>Only 13% of Americans feel \u201cvery good\u201d about their finances, while 84% believe financial planning is more important than ever during economic uncertainty.<\/li>\n<li>Most Americans (74%) manage their own finances, but only half have strong confidence in their financial decision-making abilities.<\/li>\n<li>The top financial goals for Americans in 2025 include saving money (53%), reducing debt (32%), and establishing emergency funds (27%).<\/li>\n<\/ul>\n<p><strong>NEW YORK \u2014<\/strong> 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.<\/p>\n<p>A recent survey asked 2,000 Americans how they feel about their current finances. The results? Only 13% said they feel \u201cvery good\u201d while 28% reported feeling \u201csomewhat good\u201d about their financial standing.<\/p>\n<p>Despite these worries, most people aren\u2019t sitting idle. A striking 84% of respondents believe that building <a href=\"https:\/\/studyfinds.org\/americans-replacing-traditional-goals-like-marriage-having-kids-with-financial-security\/\" target=\"_blank\" rel=\"noreferrer noopener\">financial security<\/a> has become more crucial than ever during these unpredictable economic times.<\/p>\n<p>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 <a href=\"https:\/\/studyfinds.org\/money-management-alzheimers\/\" target=\"_blank\" rel=\"noreferrer noopener\">managing money<\/a> in the near future.<\/p>\n<p>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 <a href=\"https:\/\/studyfinds.org\/best-budgeting-apps\/\" target=\"_blank\" rel=\"noreferrer noopener\">budgeting apps<\/a>. Some will turn to financial podcasts (23%), and others plan to break money taboos by discussing finances more openly with family members (22%).<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"576\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"A woman stressed about her finances calculating her budget with a piggy bank\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Burnout-1200x576.jpg\"\/><\/p>\n<p>The economic climate has made it tough for Americans to feel confident in their finances. (PeopleImages.com \u2013 Yuri A\/Shutterstock)<\/p>\n<p>The findings, conducted by Talker Research and commissioned by Beyond Finance ahead of Financial Practice Week, reveal a confidence problem at the heart of Americans\u2019 money management. While 74% of respondents handle most of their own finances, only half strongly trust their own financial decisions.<\/p>\n<p>This lack of confidence likely stems from gaps in early financial education. About 20% of Americans received no money guidance <a href=\"https:\/\/studyfinds.org\/parents-kids-financial-literacy\/\" target=\"_blank\" rel=\"noreferrer noopener\">from their parents<\/a> whatsoever. This knowledge gap was especially pronounced among older Americans \u2013 35% of baby boomers reported receiving no financial education from their parents, compared to only 20% of Gen Z respondents.<\/p>\n<p>Lou Antonelli, Chief Operating Officer of Beyond Finance, sees a positive shift happening: \u201cThere\u2019s a growing movement around financial self-empowerment,\u201d he said. \u201cWe\u2019re seeing people move from avoidance to action. It\u2019s not just about <a href=\"https:\/\/studyfinds.org\/heart-attack-stress-work-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">fixing your finances<\/a> \u2014 it\u2019s about feeling capable and in control.\u201d<\/p>\n<p>The push toward self-education may also reflect growing skepticism of traditional financial institutions. In the past year, 18% of respondents reported feeling more disillusioned with banks and similar organizations.<\/p>\n<p>Dr. Erika Rasure, Chief Financial Wellness Advisor at Beyond Finance, emphasized the emotional aspects of money management: \u201cWhen it comes to financial well-being, trust in yourself is the foundation,\u201d she said. \u201cWe often think of money management as purely numbers and strategy \u2014 but in reality, it\u2019s deeply emotional.<\/p>\n<p>\u201cBuilding self-trust allows people to move from fear or avoidance into confident, empowered <a href=\"https:\/\/studyfinds.org\/tag\/decisions\/\" target=\"_blank\" rel=\"noreferrer noopener\">decision-making<\/a>. Investing in yourself means more than saving or budgeting \u2014 it means nurturing the emotional resilience and knowledge that lead to long-term, holistic financial health.\u201d<\/p>\n<p>Looking ahead, Americans are focusing on practical financial goals for 2025. Saving money tops the list (53%), followed by cutting or eliminating debt (32%). Other common goals include not worrying about bills anymore (27%), creating emergency savings (27%), and <a href=\"https:\/\/studyfinds.org\/tag\/credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">boosting credit scores <\/a>(26%).<\/p>\n<p>These findings suggest Americans are at a financial crossroads. While economic worry remains widespread, with only 13% feeling very confident about their finances, there\u2019s a growing determination to take control through education and self-reliance.<\/p>\n<p>The gap between financial anxiety and confidence remains wide, but the commitment to financial learning across generations points to potential improvement. As more people embrace educational resources and develop better money habits, we may see a substantial shift in how Americans relate to their finances.<\/p>\n<p>Survey Details<\/p>\n<p class=\"has-quaternary-background-color has-background\">Talker Research surveyed 2,000 general population Americans between April 4-7, 2025. The survey, commissioned by Beyond Finance, used both traditional online access panels and programmatic sampling. Participants completed the survey in English and received points with cash-equivalent value as compensation. For analysis, researchers only included cells with at least 80 respondents, calculating statistical significance at the 95% level. While the data wasn\u2019t weighted, researchers used quotas and other parameters to achieve the desired sample. Quality control measures excluded speeders, inappropriate responses, bots, and duplicate participants. The survey was only available online, so results may not represent those without internet access.<\/p>\n","protected":false},"excerpt":{"rendered":"Couple stressed over money (\u00a9 JenkoAtaman &#8211; stock.adobe.com) In a nutshell Only 13% of Americans feel \u201cvery good\u201d&hellip;\n","protected":false},"author":2,"featured_media":40001,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[3786,51,1700,474,3781,1232,11233,2499,16,15],"class_list":{"0":"post-40000","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-budgeting","9":"tag-business","10":"tag-economy","11":"tag-finance","12":"tag-finances","13":"tag-money","14":"tag-money-management","15":"tag-personal-finance","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114379488126855531","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/40000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=40000"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/40000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/40001"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=40000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=40000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=40000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}