The survey unveiled that many respondents are skeptical about their ability to save money
According to PurePoint Financial research, half of US citizens think that making a basic saving plan is an important goal they’d like to achieve this year. However, but 28% of the respondents feel it will be impossible to accomplish.
The data showed that more than 20% of Americans would rather talk to their best friends about their most embarrassing health concerns than the status of their budget. In addition to that, almost 3 in 10 respondents prefer not to tell to their friends they have little to no savings because they feel ashamed.
In the era of subscription services, it seems easier than ever to automatically spend rather than save. This way, a lot of Americans report they are often losing track of their monthly subscriptions and paying the price. For example, 1 out of 3 Americans doesn’t regularly review their subscription services to keep track of their spending. Furthermore, 1 in 5 US citizens has gone over their monthly budget because they forgot to cancel a subscription.
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