"Americans' top financial priorities reflect the realities many households face of stagnant incomes, outstanding debt, and insufficient savings," stated
Staying current or getting caught up on bills was the most common priority across all age groups, but highest among those ages 50-64. Americans age 65+ were more likely than any other age group to say providing financial assistance to family members or friends was their top priority, with 15% saying so.
Other commonly cited top financial priorities include:
- 22% of Americans say 'paying down debt' (previously 20% in 2013 and 23% in 2012)
- 17% say 'saving' (down slightly from 18% in 2013 and 20% in 2012)
- 10% say 'providing financial assistance to family members or friends' (formerly 12% in 2013 and 10% in 2012)
Bankrate.com's Financial Security Index came in at 101.3, the highest level since 101.5 in
Savings is still a weak spot for Americans, with nearly 1/3 of Americans saying they're less comfortable with savings now while just 20% are more comfortable. Americans' feelings about job security, comfort level with debt, net worth, and their overall financial situation all showed improvement compared to one year ago.
The survey was conducted by
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