Business Wire, Inc. |
Despite Tumultuous Economy, Financial Planning Takes a Back Seat and Waistlines Trump Wallets in New Year’s Resolutions
Allianz Life
The main reason for leaving financial planning out of resolutions was respondents’ belief that they “don’t make enough to worry about it” (35 percent). Twenty-three percent said that they already “have a solid financial plan” and 17 percent attributed it to the fact that they “don’t have an advisor/financial professional.”
“Everyone, regardless of income level, needs to make financial planning a priority,” said
Waistlines
Americans also put their waistlines ahead of their wallets in 2012 New Year’s resolutions. Forty-nine percent said that they were most likely to make and keep a resolution related to exercise/diet versus managing their money better (43 percent).
Moreover, when asked to rank five life focus areas —“health/wellness,” “financial stability,” “employment,” “education” and “leisure” — 45 percent of Americans said that “health/wellness” was their most important focus area for 2012. “Financial stability” trailed with 30 percent.
Unemployment Worries
In a list of five economic events —“unemployment,” the “U.S. budget fiasco,” “home prices/sales,” “volatile stock market” and the “European debt crisis” — 48 percent of Americans ranked “unemployment” as the most worrisome of 2011. The “U.S. budget fiasco” followed with 23 percent, with “home prices/sales,” “volatile stock market” and “European debt crisis” drawing less attention with 15 percent, 10 percent and 5 percent, respectively.
Help Not Wanted
Despite financial strains in
“It’s troubling to see that despite all of 2011’s economic volatility, Americans are placing less emphasis on addressing their financial security,” said Libbe. “Now more than ever, it’s imperative that people have a plan in place to help ensure financial stability and security—and help reduce some of the uncertainty surrounding retirement.”
About Allianz Life Insurance Company of
Allianz Life Insurance Company of
Allianz Life Insurance Company of
*Allianz Life Insurance Company of
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50113883&lang=en
Allianz Life Insurance Company of
sarathurin.rollin@allianzlife.com
Source: Allianz Life Insurance Company of
Copyright: | Copyright Business Wire 2011 |
Wordcount: | 706 |
More Articles