![]() ![]() Personal finances and money were the top issues causing stress, with 1 in 5 saying their money caused them a “significant” amount of stress.Among those who said they were worse off financially at the end of the year, the top reason cited was reduced income (45%), followed by inflation (43%).Among those who said they were better off financially at the end of the year, 31% paid down debt, and 1 in 4 built up emergency savings.In Q4, 30% of Americans said they were better off financially than they were this time the year before, compared to only 18% who report being worse off.Eight in 10 Americans said they were hopeful about their financial situation for the year ahead.In Q4, 1 in 4 Americans described their personal finances as “struggling,” up 38% from the start of the year.The latest release of The State of Personal Finance from Ramsey Solutions takes a look back at 2021 to see how Americans’ attitudes, opinions and behaviors around their money changed as they dealt with these opportunities and challenges. From pandemic disruptions to stimulus checks and soaring inflation to job changes, Americans faced plenty of highs and lows that impacted their personal finances in 2021.
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