The Principal Financial Well-Being IndexSM: American Workers
American workers are feeling more financially fit than a year ago as their economic outlook improves, according to new research from The Principal Knowledge Center.
- 46% of workers consider themselves financially healthy, up 18% from last quarter
- 33% of workers say paying down debt is their top money management priority
- 24% of workers say saving for retirement is their top goal
Holiday Spending (and Saving)
- 51% of workers are setting a budget – of those, 87% plan to stick to it
- 61% plan to spend the same as last year – 53% say that’ll be less than $500
- 65% of workers plan to give back to charity this holiday
Ringing in the New Year
- 65% of workers will make a financial New Year's resolution
- 33% say paying down debt is their top money management priority for 2015
- 24% say saving for retirement tops their list
NEW! Fourth quarter 2014 research on American Workers:
The Principal Financial Well-Being Index: American Workers surveyed workers 18 years and older who work at small and mid-sized businesses (firm size 10-1,000). It was conducted on behalf of the Principal Financial Group® between October 23 and November 3, 2014 among 1,123 employees. The Index is part of a series of quarterly studies commissioned by The Principal Knowledge Center examining the financial well-being of American workers, business owners and advisor opinions and practice management. The survey is conducted online by Harris Poll®.