BACK

Research and Statistics

Infographic: Bad financial habits Americans most want to break

Summary

Saving more and paying down credit card debt are among the more popular New Year’s resolutions of 2016

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

In contemplating the new year, about 4 in 10 Americans expect to make and actually keep a resolution of managing their money better in 2016, ranking almost equally with those who expect to make and keep diet and exercise goals (43 percent), according to a survey by Allianz Life.

To boost their financial health in the new year, respondents identified saving for emergencies as the top improvement they could make (21 percent), followed by paying off credit card debt (17 percent) and making a budget (11 percent).

When asked what detrimental financial habits they’d most like to overcome, the top two targets were spending too much on unneeded things (29 percent) and not saving as much as they could (28 percent).

Almost a third of respondents aren’t including financial planning in their 2016 goals because they feel they “don’t make enough money to worry about it.” Yet if offered free professional guidance to help with one of their resolutions, the top pick was a financial professional (37 percent), beating out nutritionists and dieticians at 28 percent and personal trainers at 23 percent.

Allianz Life Insurance Company of North America’s Seventh annual New Year’s Resolution Survey was conducted in November 2015 by Ipsos eNation U.S. Omnibus, with 1,006 respondents chosen randomly from an online panel of 500,000 U.S. adults. Released Dec. 15, the results were weighted to reflect the demographic composition of the U.S. as a whole.

Infographic: Bad financial habbits Americans want to break in 2016

See related:To get a fresh financial start, break bad, old money habits, More infographics

To use the graphic on your site, use the following code:

 <center><a href=”http://www.creditcards.com/credit-card-news/infographic-bad-financial-habits-americans-break-1701.php”><img alt=”CreditCards.com Infographic: Bad financial habits Americans want to break in 2016″ border=”0″ src=”http://www.creditcards.com/credit-card-news/images/infographic-bad-financial-habits-americans-break-2016.png” /></a> </center>

What’s up next?

In Research and Statistics

Financial goals report card: Maybe a C+

A Capital One survey finds mixed results among those who set money goals for 2015. Some did well, others failed completely

Published: December 23, 2015

See more stories
Credit Card Rate Report Updated: May 23rd, 2019
Business
15.61%
Airline
17.50%
Cash Back
17.60%
Reward
17.62%
Student
17.79%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.