Americans top financial firsts in a post-pandemic world

Everyday Americans have hit a lot of firsts in 2021…and as reported in March many are Shifting priorities: Americans are simplifying life and saving more despite economic challenges.¹ And more recently, according to the Good News Network², a new survey revealed 58% of Americans have “completely” changed how they think about money due to the pandemic and nearly as many (56%) believe their concept of financial well-being has been altered since the pandemic.

The poll of 2,000 Americans explored the impact financial wellness has on their mental and physical health. As they look ahead over the next year, some of Americans’ top goals included starting an emergency fund (39%), paying off their credit card (34%) and starting to save for retirement (24%).²

Here are what some Americans are doing to get healthier overall:

Top pandemic financial firsts²

  • Made a new savings goal – 20%

  • Prioritize my mental health with therapy, meditation or another ritual – 19%

  • Started a side hustle – 18%

  • Started exercising regularly – 17%

  • Investing in stock – 12%

  • Started an emergency fund – 12%

  • Applied for a credit card – 11%

  • Investing in cryptocurrency – 11%

  • Started a 401k – 5%

  • Applied for a mortgage – 4%

  • Began consulting with a financial coach – 3%

Top goals for the next 12 months²

  • Start an emergency fund – 39%

  • Pay off my credit card – 34%

  • ave up for a big vacation – 29%

  • Start saving for retirement – 24%

  • Pay off student loans – 15%

  • Pay off my mortgage – 9%

So, which financial firsts are you working on?

Learn more with live and on-demand education at Voya.com/VoyaLearn to start saving for your tomorrow, today. 

Come as you are, leave feeling better

#everydaywellness

Sources:
¹Voya Financial Blog, March 2021, Everyday Wellness, Shifting priorities: Americans are simplifying life and saving more despite economic challenges , last accessed September 20, 2021

²Good News Network/Capital One, July 28, 2021, More Than Half of Americans Have a New Definition for Financial Well-Being After the Pandemic, Poll Finds, https://www.goodnewsnetwork.org/onepoll-capitalone-financial-hope-americ... last accessed September 20, 2021, Quote (a) “A new survey revealed 58% of Americans have “completely” changed how they think about money due to the pandemic and nearly as many (56%) believe their concept of financial well-being has been altered since the pandemic. The poll of 2,000 Americans explored the impact financial wellness has on their mental and physical health.”
Quote (b)” As they look ahead over the next year, some of Americans’ top goals included starting an emergency fund (39%), paying off their credit card (34%) and starting to save for retirement (24%).” All Top Financial First % grid above.


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