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Almost half of Americans don’t know what a 401(k) is, according to a recent poll. <br/><br/>A national survey of 2,000 Americans, evenly split by generation, revealed that 43% of respondents don’t know what a 401(k) is. The survey examined Americans’ financial literacy, commitment to learning and adopting healthy money habits, and feelings regarding their bank accounts and financial futures. <br/><br/>The results revealed a significant lack of confidence among respondents regarding their financial literacy, with only 30% believing they could win a game of personal finance trivia.<br/><br/>And over a third (35%) don’t know what “interest” is in a financial context. <br/><br/>The study, commissioned by Beyond Finance for Financial Practice Week and conducted by OnePoll, revealed that despite these startling knowledge gaps, only two in five respondents (39%) consider themselves more financially literate than others. <br/><br/>Four in 10 Americans (39%) admit they procrastinate when implementing healthy financial habits. Gen Z are most likely to procrastinate (49%) while baby boomers are least likely to procrastinate (22%).<br/><br/>The top reasons respondents cited for postponing personal finance tasks include stress (25%), feeling their financial health is already poor and can’t get any worse (16%) and forgetfulness (13%).<br/><br/>“Unfortunately, avoiding looking at your finances and making healthy changes is incredibly common,” said Dr. Erika Rasure, chief financial wellness advisor of Beyond Finance, which can be overwhelming. Some people tend to neglect taking stock of their financial situation, and others can become nervously consumed by it. There’s a middle ground to take when improving your financial health — learn healthy money habits, pay attention and make small, achievable adjustments to your spending and habits.” <br/><br/>The study revealed the average American typically checks their banking app twice daily. Exactly half of respondents say they feel nervous when opening their banking portal, with Gen Z feeling most uncomfortable (65%). <br/><br/>In comparison, baby boomers feel the most calm (26%) and over a quarter of all respondents avoid signing into their banking apps on a daily basis, at all (26%). <br/><br/>Regarding budgeting habits, eight in ten respondents try to hold themselves accountable to a monthly budget with millennials and baby boomers tying for the best-laid financial plans (81%). <br/><br/>Of those who create a monthly budget, respondents only stick to it 66% of the time on average, with baby boomers exhibiting the highest accountability (76%) and Gen Z deviating the most from their budgets (58%). <br/><br/>For those trying to save money, the most popular strategies include buying on-sale items (53%), using coupons and discount codes (47%), limiting spending on clothing (45%) and shopping at discount stores (42%). <br/><br/>However, a considerable portion of respondents resort to more drastic measures to save money, such as infrequent social outings to bars and restaurants (39%), limited travel or not traveling at all (36%), rarely or never buying coffee at coffee shops (35%) and rarely or never buying gifts (32%).<br/><br/>Notably, 33% of respondents said they never take vacations.<br/><br/>Finances also influence relationships: Nearly four in ten (39%) reported that their or their partner’s unhealthy spending habits have negatively affected their relationship.<br/> <br/>A majority of those in relationships (63%) agreed that learning about personal finance as a couple would increase their chances of improving money habits successfully in the future.<br/><br/>“The first step in a happier financial future is education,” said Dr. Rasure. “The more you know about money and personal finances, the more equipped you’ll be to make better decisions and create a plan to meet your goals. That’s why Financial Practice Week is important. We want to encourage people to learn the money habits and practices they’ve been putting off so they can make progress toward a more stable, optimistic future.” <br/><br/>Survey methodology:<br/>This random double-opt-in survey of U.S. adults split evenly by generation (500 Gen Z, 500 millennials, 500 Gen X, and 500 baby boomers) was commissioned by Beyond Finance between Feb. 16 and Feb. 22, 2024. It was conducted by market research company OnePoll, whose team members are Market Research Society members and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).
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Golam Maula Rony
⏲ 13 minutes 21 seconds 👁 11K
Beast Reacts
⏲ 8 minutes 4 seconds 👁 32.5M
Terrifying dashcam footage shows the moment a huge tree fell just feet from passing motorists - after high winds caused carnage across Britain.<br/><br/>The shocking video revealed how drivers had to slam on their brakes as the roughly 45ft (14m) tall oak came crashing down during a storm yesterday (Mon 15).<br/><br/>Filmmaker Matt Jones was heading along Princess Road, in Manchester, when he captured the massive tree topple over and smash into the road just after noon.<br/><br/>Writing in a post on social media, the shocked director later said: “That was a close one”.<br/><br/>The footage showed how the tree collided with a van in the outside lane of the carriageway, while another car narrowly avoided a collision.<br/><br/>But thankfully Matt managed to hit his brakes in time to prevent any serious damage to him or his vehicle. <br/><br/>Met Office data shows how Manchester experienced gusts of up to 45mph yesterday before residents later witnessed thunder, lightning, heavy rain and then hail.<br/><br/>The wintry conditions had caused the service to issue a yellow weather warning for the whole country.<br/><br/>And there were even reports of a tornado hitting Newcastle-under-Lyme, Staffordshire, with pictures showing damaged rooves and overturned campervans.<br/><br/>However, after enduring the longest period of wet weather in British history, the Met Office has now said there is some good news on the horizon for the country. <br/><br/>The service said by the weekend, some parts will see an uptick in temperatures as high pressure moves in from across the Atlantic.<br/><br/>Deputy Chief Meteorologist Mark Sidaway said: “Don’t expect a heatwave. <br/><br/>\
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Kalbela
⏲ 2 minutes 49 seconds 👁 2.8K
SOMOY TV Bulletin
⏲ 26 minutes 40 seconds 👁 98.2K
The Belgian federal prosecutor has opened an investigation into EU lawmakers accused of receiving payments for spreading pro-Russian propaganda.
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MrBeast
⏲ 13 minutes 17 seconds 👁 91.2M
Bhajan Marg
⏲ 36 minutes 56 seconds 👁 162.7K
NSW Premier Chris Minns and NSW Police Commissioner Karen Webb visit Bondi Junction Shopping Centre to pay their respects at the memorial and offer condolences, the centre is scheduled to re-open on Friday, April.
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MrBeast
⏲ 16 minutes 56 seconds 👁 76.9M
MrBeast
⏲ 12 minutes 33 seconds 👁 85.4M
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