Saving money is top priority as more than half of Americans want to focus on their financial wellness after the pandemic

Video Credit: SWNS STUDIO
Published on July 27, 2021 - Duration: 01:01s

Saving money is top priority as more than half of Americans want to focus on their financial wellness after the pandemic

If you've taken a step back to review your finances during the pandemic, you're certainly not alone.

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 study of 2,000 Americans explored the impact financial wellness has on their mental and physical health.

In fact, the pandemic caused 48% to increase the amount of money they believe they need in their rainy day or emergency fund.Conducted by OnePoll on behalf of Capital One, the survey found respondents added one month of emergency expenses to their savings (an average of five months pre-pandemic to six months now).

Three in 10 respondents said their top financial struggle is establishing good spending habits, so it's no wonder the top habit they want to change is spending on items they don't really need (44%).


You are here

Related videos from verified sources

Majority of Americans report having a snack on them at all times 00:51
Video credit: SWNS STUDIO - Published on July 29, 2021 

Men Were Less Likely To Make an Impulse Purchase but Spent More Money Than Women During the Pandemic 01:04
Video credit: Buzz60 - Published on July 28, 2021 

With more deals than ever, parents are prepared to splurge on back-to-school shopping this year 00:46
Video credit: SWNS STUDIO - Published on July 26, 2021 

You might like