According to the survey, only 22 percent of Americans feel they are saving the right amount for their future, and 45 percent say they would like to be saving more. And while 83 percent of Americans have financial goals they are planning toward, only 51 percent say they have set and achieved a long-term financial goal. Notably, their greatest challenge when planning for their financial future is sticking with a plan and staying motivated to achieve their goals (29 percent).
"This April, Ally is encouraging consumers to take control of their finances with tips and simple strategies designed to help them save for the future," said
The top goals Americans are saving for include retirement (42 percent), an emergency fund (37 percent) and leisure savings, such as a vacation or personal purchase (37 percent). Leisure savings was the top goal for America's youngest and oldest savers – the millennial group and those over 65. For generation X and the baby boomers, retirement was the top goal.
Throughout the month of April, Ally will provide daily tips on how to Get Wise on Twitter at @Ally and quick tip videos on Ally's YouTube channel at www.youtube.com/allyfinancial. In addition, Ally will be hosting more than 75 Wallet Wise financial literacy sessions throughout April in various markets across the country on the topics of banking and investing, credit, budget and auto finance. For more information, online courses and a financial literacy quiz, visit the Ally Wallet Wise website at www.allywalletwise.com.
This survey was conducted online within
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