As the new year approaches, a growing number of Americans are planning to set financial resolutions for 2026, with a marked emphasis on short-term savings goals, based on a recent study by Fidelity Investments. The study indicates that 64% of respondents are considering making financial resolutions, an increase from 56% last year.
The study identified the top three resolutions as saving more money (44%), paying down debt (36%), and reducing spending (30%). Leanna Devinney, a market leader at Fidelity, noted this sustained focus on short-term savings, which includes building emergency funds and debt reduction, reflects a broader trend from the previous year.
Despite financial challenges, many respondents expressed feelings of being overwhelmed by their finances, with 55% indicating this sentiment. Particularly among Millennials (68%) and Gen Z (64%), anxiety about money is pronounced. The report also highlights concerns regarding the ability to save after covering bills, healthcare costs in retirement, and having sufficient savings to retire.
The backdrop for these resolutions is a year of financial setbacks, with nearly three-quarters of Americans facing challenges in 2025. Many attribute their increased financial stress to persistent inflation and rising costs, which have led to a significant portion reporting reduced disposable income.
However, the survey also revealed a sense of optimism; 70% of respondents believe they are in a better or comparable financial position than a year ago. A growing number, 43%, report feeling more satisfied with their finances compared to five years ago.
Devinney expressed encouragement at the trend towards short-term financial goal-setting, with many Americans recognizing the importance of building savings and adhering to budgets.
Bullet Points:
- Why this story matters: The focus on financial resolution highlights the changing attitudes towards savings amid economic challenges.
- Key takeaway: Americans are increasingly prioritizing short-term savings goals as a response to financial pressures.
- Opposing viewpoint: Some may argue that such emphasis on short-term goals could detract from long-term financial planning and investment.
