The good news: a new survey finds that a majority of Americans are making long-term plans — far more than are making New Year’s resolutions. The bad news? What they consider long-term.
The New York Life survey of more than 1,800 adults ages 30 or older (conducted by Ipsos Public Affairs) found that 57% of respondents are making long term plans, while only 36% are making New Year’s resolutions. However, Americans define “long-term” as just 4.4 years on average.
Regardless, more Americans report they will seek professional help when managing their finances in 2017 compared to 2012 — nearly a quarter (24%), compared with 14% in 2012, with parents among the most likely to plan to seek such financial assistance (39%).
How are Americans planning to stay true to their goals? Across generations, Americans believe that tracking their own progress (47%) and relying on support from their family and friends (42%) are most likely to help them keep their goals.
The New York Life survey of more than 1,800 adults ages 30 or older (conducted by Ipsos Public Affairs) found that 57% of respondents are making long term plans, while only 36% are making New Year’s resolutions. However, Americans define “long-term” as just 4.4 years on average.
Regardless, more Americans report they will seek professional help when managing their finances in 2017 compared to 2012 — nearly a quarter (24%), compared with 14% in 2012, with parents among the most likely to plan to seek such financial assistance (39%).
Overall, the survey finds a strong upsurge in optimism, with:
- 43% expecting their financial situation to improve in the coming year (versus 31% in 2011);
- 67% planning to reduce debt (versus 57% in 2011);
- 61% planning to save more (50% in 2011);
- 46% believe their families will be more financially secure and better prepared for the unexpected (30% in 2011);
- 41% believing they will be in better financial shape for retirement (24% in 2011); and
- 35% anticipating more opportunities for career growth and advancement (compared with 22% in 2011).
How are Americans planning to stay true to their goals? Across generations, Americans believe that tracking their own progress (47%) and relying on support from their family and friends (42%) are most likely to help them keep their goals.
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