Among Americans, 77% report the economic recession has significantly changed their outlook on life; 58% of reevaluated their approach on life; and 52% have become less hopeful about the future since the recession began. Additionally, 49% realized they would probably fall short of their personal or professional goals; 42% have become more easily angry or emotional since the recession began; 41% have become more depressed; and 33% raise their voice more frequently since the recession began. This, according to a recent survey conducted by StrategyOne, also shows 15% sought out assistance for mental health problems since the recession began; 19% started drinking or smoking more and 6% started using illegal drugs or used them more often. Moreover, 27% of women 18-34 years old will delay having a baby or child; 21% of Americans 55 years or older will postpone retirement; 18% of single Americans to postpone getting married or engaged; and 9% of married Americans to put off getting a divorce.
A majority of American consumers believe their personal finances are improving, but are less optimistic about the broader economy with 57% disclosing they have turned the corner on their own finances and 39% believe the U.S. economy is improving. This, according to the Chase Card Services “2010 Personal Finance Confidence Survey” of 1,000 American consumers about personal finances and the economy in the new year, also showed 72% trust themselves most when it comes to managing their personal finances. Additional findings show 57% believe their personal finances have turned the corner and are getting better; 10% believe their personal finances will get worse; 52% say they do not feel in complete control of their finances; 68% say they would benefit from better ways to manage their personal finances; and 54% believe the economy is not improving, including 35% who believe the economy will get worse and the 39% whom believe the economy is getting better.
A recent poll reveals that 40% of Americans’ finances have kept them
from achieving the things they want in life, while another 50% say they
have recently spent less time or money on enjoyable activities because
of money concerns. However, 61% are maintaining an optimistic outlook.
The “Solid Index” survey from SunTrust found that 48% of Americans have
scaled back their summer travel plans because of finances; 42% are
considering not leaving home for vacation this summer; 25% of Americans
have no system in place for budgeting; and nearly 60% have either tried
to sleep off financial concerns, made poor food choices, made
unnecessary purchases, have skipped work or consumed alcohol to deal
with financial pressures. Nevertheless, SunTrust also found that 46% of
people are looking for more financial education resources for their
families and themselves.
A new survey has found that 41% of teens consider themselves knowledgeable about how to budget money, 34% know how to pay bills, 26% know how credit card interest and fees work, 24% know whether a check cashing service is good to use and 14% know how income taxes work or what a 401(k) plan. More than half believe that “it is easier to buy things with a credit card than cash” and, given the choice, 29% would actually prefer using a credit card, a 61% increase in this stated preference over last year. The research by Charles Schwab also found that American teens confidently predict a future in which, based on the career that interests them most, they will be earning an average annual salary of $145,500 (boys expect $173,000 vs. girls, $114,200). The reality: Only five percent of the U.S. population currently earns a six-figure income, and the average national wage stands at approximately $40,000.
After posting a second quarter profit of more than $7 billion, Shell Oil announced it will distribute 200,000 $10 “Shell Gas Cards” in the its “Million Gallon Giveaway” which starts today. The promotion will run through October 1st and will give away more than $2 million in free fuel including six grand prizes of a lifetime supply of free gasoline. The “Giveaway” is part of the $30 million marketing campaign Shell launched in June. Participating Shell stations will hand out scratch-and-win game cards. The sweepstakes is void in Maryland, New Jersey, Virginia and Puerto Rico.
A new study has found that the majority of U.S. consumers are willing to pay a premium to add fingerprint biometrics to their PCs and cell phones. Most consumers said they would use the technology to replace their PC and Internet passwords, as well as to help transform their cell phones into their personal wallets to conduct m-commerce and wireless banking.The scientific survey of more than 2,000 adults, sponsored by AuthenTec, shows that 63% of consumers would pay extra to add fingerprint biometrics to their PC and notebook computers, while 71% would pay more for this feature in their cellular phones. It is estimated that more than 4 million biometric cell phones, PCs, laptops and peripherals already are in use.