LIVE STREAMING

The most popular financial resolution of 2015

New Year’s resolutions tend to hover somewhere between practical and ambitious. According to the annual poll conducted by GOBankingRates, the most popular…

MORE IN THIS SECTION

Mourning in Colombia

Piñatas For Everyone

A Latino in the Stars

Hispanic Role Model

A Latino Storyteller

Pau Gasol enters the HOF

SHARE THIS CONTENT:

New Year’s resolutions tend to hover somewhere between practical and ambitious. According to the annual poll conducted by GOBankingRates, the most popular financial resolution this year is the same as it was last year -- to save money.

Why this is a perennial favorite could have something to do with geographic region.

“[On] the coasts, the East Coast and West Coast, the savings rates seem to be higher, which could be understandable given higher salary brackets, higher cost of living,” Meaghan Murphy, director of thought leadership at Fidelity Investments, revealed in the GOBankingRates’ analysis of its poll. “In the southeast, the savings rates were the lowest.”

Paying down debt and improving spending habits were the second- and third-ranked resolutions.

The poll also suggests that age informs the individual’s financial goals. Baby boomers on fixed incomes were more eager to change their spending habits, while young millennials gravitated towards putting more money in the bank.

 
  • LEAVE A COMMENT:

  • Join the discussion! Leave a comment.

  • or
  • REGISTER
  • to comment.
  • LEAVE A COMMENT:

  • Join the discussion! Leave a comment.

  • or
  • REGISTER
  • to comment.
00:00 / 00:00
Ads destiny link