BACK

Research and Statistics

Infographic: Young adults most optimistic about finances

Summary

Americans from age 18 to 29 have an optimistic outlook on their financial futures. Things look significantly gloomier to older Americans, however

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.

Despite student loan debt, a slow job market and the many other challenges facing their generation, Americans between the ages of 18 and 29 have an optimistic outlook on their financial future. Things look significantly gloomier to older Americans, however.

Gallup’s Economy and Personal Finance survey found that 48 percent of young adults between the ages of 18 and 29 describe their current financial situation as “excellent” or “good,” while 73 percent describe it as “getting better.” When it comes to those age 65 and older, the same amount (48 percent) say their current situation is good or excellent — but just 23 percent say it’s getting better.

The optimism of young adults, according to the survey, boils down to the amount of time they have for upward mobility — which is limited for those older than 65.

Other groups the survey found to be particularly optimistic about their financial future included men, college grads, democrats, blacks and Hispanics. This year’s version of Gallup’s annual survey was released April 29, 2013.

Young Americans financial outlook
See related:Infographic: Debt clouds retirement optimism

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

 <center><a href=”https://www.creditcards.com/credit-card-news/infographic-young-adult-financial-optimism-1701.php”><img alt=”CreditCards.com infographic: Young adults most optimistic about financial future” border=”0″ src=”https://www.creditcards.com/credit-card-news/images/infographic-financial-situation-age-lg.jpg” /></a> </center>

What’s up next?

In Research and Statistics

NY Fed: Credit card balances reach new low

Consumers resumed paying down their card balances in the first quarter of 2013, the New York Fed reported, and delinquencies improved

Published: May 14, 2013

See more stories
Credit Card Rate Report Updated: August 21st, 2019
Business
15.55%
Airline
17.49%
Cash Back
17.63%
Reward
17.49%
Student
17.69%

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.