New Year’s resolutions aren’t always financial in nature, but those money-based goals require just as much discipline as any of the others.
According to a Marist Poll, 39% of U.S. survey respondents said they’d going to make a New Year’s resolution for 2016. That’s down from a peak of 48% in 2009, but still up from five years ago. While 12% of those polled planned to lose weight, 10% planned to get a better job and 9% planned to exercise, stop smoking or improve health, just 7% wanted to spend less money or save more. Worse, just 2% wanted to set goals.
Why aren’t more people worried about their finances? Well, according to a survey by Hartford Funds of folks with $100,000 or more in investable assets, 44% anticipate that their overall financial situation will improve in 2016. Another 54% say they are very or somewhat confident about their investments, and even the 39% who expect to experience a significant life event in 2016 aren’t all that worried. More than half (53%) of that latter group don’t expect those events to affect their finances. Even the Fed hasn’t rattled them, as only 14% expect interest rates