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Fiscal Beats Out Physical
Please note: This item is from our archives and was published in 2009. It is provided for historical reference. The content may be out of date and links may no longer function.
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Financial fitness topped the list of self-improvement priorities in a Charles Schwab survey on families and money.
According to the 2009 Young Adults & Money Survey, 52% of young adults (between the ages of 23 and 28) said that “making better choices about managing money” was the single most important issue for individual Americans today. It outweighed “strengthening family structure/relationships” (18%), “personally taking steps to protect the environment” (11%), “balancing work and personal life” (10%) and “improving personal nutrition and health” (9%).
Toward this goal, most said they are becoming more financially conservative by curtailing shopping for fun (73%), eating out less (62%), saving more (52%) and modifying vacation plans (47%).
Source: Charles Schwab, www.schwab.com.