Americans Make Personal Finances A Low Priority For 2013
A staggering 84 percent of Americans surveyed said that they will not include financial planning in their resolutions for 2013, according to the annual
This lack of financial focus is at the highest level in the survey's four-year history, exceeding the 80 percent of respondents who ignored financial planning when making resolutions for 2012 and 67 percent from the inaugural 2009 survey.
According to a release, for the fourth consecutive year, the top reason for leaving financial planning out of resolutions was respondents' belief that they "don't make enough to worry about it" (32 percent). Twenty-six percent said that they already "have a solid financial plan" and 20 percent attributed it to the fact that they "don't have an advisor/financial professional," both responses rising 3 percent from the 2011 survey.
"It's alarming that Americans' willingness to ignore financial planning in their
Unfortunately, when respondents were asked how likely they are to seek advice from a financial professional in 2013, more than a third (36 percent) responded "less likely," up 5 percent from 2011. Only 20 percent said they were "more likely," matching 2011, while 44 percent noted they were "unsure," down 5 percent from the 2011 survey.
Waistlines Continue to
For the second straight year, "health/wellness" topped
In terms of resolutions they are most likely to keep, "exercise/ diet" came out on top at 44 percent, besting "manage money better" (41 percent) and "spend more time with family/friends" (26 percent). Exercise/diet remains the top selection since the initial survey in 2009, although it is down five percentage points from the 2011 survey's high of 49 percent.
Allianz Life Insurance Company of
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