First Quarter 2014 Research on American Workers
American workers view themselves more physically fit than financially fit although workers recognize maintaining physical health is an investment in their financial future, according to new research from The Principal Knowledge Center.
Leaner waistline, lighter wallet
- American workers view themselves much more physically fit (57 percent) than financially fit (28 percent).
- The vast majority (84 percent) recognize maintaining physical health is an investment in their financial future.
- Nearly half (46 percent) feel stressed about their current financial situation.
- More than half (52 percent) have monitored spending levels in the past year.
- Thirty-nine percent created a budget to keep finances in check, up from 28 percent two years ago.
- Nearly three-in-five have an emergency fund in place.
- More workers (68 percent) are banking on a tax refund this year.
- Workers say they’ll use funds to beef up their nest eggs, half plan to save or invest, up five percentage points from last year.
- More than a third (38 percent) will pay down or pay off short-term debt and a quarter plan to tackle long-term debt.