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 content on this page is accurate as of the posting date; however, some of our partner offers may have expired. 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/”><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>

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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

See more stories
Credit Card Rate Report Updated: November 25th, 2020
Business
13.91%
Airline
15.50%
Cash Back
15.85%
Reward
15.75%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more