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Americans are apparently gearing up for unexpected financial events in 2025, according to a Fidelity report published in late Dec. 2024.
“Living practically” is the theme for 2025, according to a study conducted by Fidelity Investments. A third of those surveyed reported pursuing more conservative goals throughout the coming months, particularly given the chaotic events of the last four years, along with the rising cost of living.
“Understandably, financial pressures continue to weigh on the minds of many Americans, so having a practical mindset to 2025 will aid in building financial goals for the new year,” says Sangeeta Moorjani, head of Tax-Exempt Market and Lifetime Engagement at Fidelity Investments. “Adopting a sensible perspective can have a positive impact as Americans look to move from simply spending to building up a savings buffer.” (POLL: Do You Think it’s Easier to Find Work in January?)
What Are Americans Most Stressed About?
Nearly 3-in-4 Americans reported experiencing financial setbacks in 2024, forcing most to dip into emergency savings funds. A majority of the stressors in 2024 seemed to be financial for many, leading 43% of survey respondents to say they planned to save more money in 2025, as well as paying down debt and spending less money.
Other stressors include:
Ability to pay monthly bills (35%)
Having money left over to save for other goals after paying monthly bills (36%)
Ability to pay down debt (33%)
Having enough retirement savings to retire as planned (32%).
How Do You Feel?
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