A new survey finds one in five Americans said sticking to a budget is their biggest challenge and another one in five report planning for retirement is their focus. Paying for higher education is the biggest financial challenge for Californians while planning for retirement concerns New Yorkers the most.
GOBankingRates’ newest 2015 Life + Money survey details the results by state.
Key findings of the study include:
• West: 60 percent of Western states are most concerned with sticking to a budget ” the No. 2 overall biggest challenge for Americans.
• Midwest: Two-thirds of Midwest states say retirement planning is their biggest challenge.
• No Place like Home: Saving for a home and building an investment portfolio are not among the biggest concerns for residents of any state.
The 2015 Life + Money Survey is comprised of findings from five Google Consumer Surveys conducted in July and August 2015. Sample sizes range from 1,000 to 10,003 respondents of U.S. adults ages 18 and older. All surveys are representative of the U.S. internet population with a margin of error of 2.2 percent or lower. For the complete methodology, visit gobankingrates.com/lifemoney2015/
For data, background and forecasts on American Consumers: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).