As Financial Confidence Ebbs, Americans Tap Savings to Cover Everyday Costs
by: Michael S. Fischer
A new survey by New York Life found that 62 percent of U.S. adults are confident in their ability to meet their financial goals, down from 69 percent who expressed confidence in January. The survey found that respondents’ top financial concerns have shifted from long-range priorities at the beginning of 2022 to near-term ones at midyear. Now, 39 percent said they are concerned about paying for daily expenses, 36 percent about paying monthly bills and 24 percent about meeting personal financial emergencies.
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