Thirty-six percent more Americans are planning to make finance-related New Year’s resolutions in 2024 compared to the year before, according to recent findings from WalletHub.
12/20/2023 1:05 P.M.
1.5 minute read
With the holiday season in full swing and inflation continuing to impact people’s finances, a recent WalletHub survey reveals that 36% more Americans plan to make finance-related New Year’s resolutions for 2024 compared to 2023.
Additionally, to help consumers turn these resolutions into reality, WalletHub has unveiled its list of the Top 14 Financial Resolutions for 2024.
Key Findings From the Survey
- Shared Financial Goals: Nearly 1 in 2 Americans are planning to make finance-related New Year’s resolutions.
- New Year’s Spending Cut: Nearly 3 in 4 Americans plan to spend less money on New Year’s plans this year than last year.
- Most Challenging Resolutions: More than 1 in 4 Americans say financial resolutions are the hardest resolutions to keep.
- Price for Vice: People want an average of $176,550 to give up their top vice for a year.
- Wallet Concerns for 2024: Nearly 1 in 4 people think 2024 will be worse for their wallet than 2023.
- Financial Anxiety: Nearly 2 in 3 Americans are anxious about the future of their finances.
WalletHub’s Top Resolutions for 2024
- Get a 5%+ return on your cash
- Protect your identity
- Make a realistic budget & stick to it
- Explore ways to refinance high interest rates
- Save more money
- Repay 20% of your credit card debt
- Use different credit cards for everyday purchases & debt
- Fight back against inflation
- Pay bills right after getting your paycheck
- Look for a better job
- Make sure you have enough insurance for a catastrophe
- Focus on physical health, given its strong connection to financial health
- Get an A in financial literacy
- Improve your WalletScore
Read WalletHub’s financial survey here and its Top 14 Financial Resolutions for 2024 here.
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