News Item

Americans Hold Increasingly Positive Outlook On Their Financial Futures

Posted on September 18, 2019

Americans are feeling more secure. It’s no surprise seeing as unemployment rates are near an all-time low, companies look strong, the country just experienced massive tax cuts and the stock market has been on a decade-long winning streak.

A 2018 New York Life study says Americans are feeling good when it comes to their financial outlook. Less than half of the respondents (42%) say they experience stress around planning for their financial future, compared to 54% five years ago in 2013 – when New York Life released the previous edition of the study. Only 38% are worried about their ability to maintain their current lifestyle, down from 45% previously. Overall, people feel positive – roughly 76% of families report they feel financially secure right now, up from 68%.

Despite all the positive feelings toward their current financial situations, family and workplace landscapes are changing – in turn affecting the role money plays in everyday lives. The world is evolving and financial planning needs to evolve with it.

Full Article on Forbes

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