More Consumers Made Financial Resolutions for 2016

More Consumers Made Financial Resolutions for 2016

January 21, 2016         Written By Natalie Rutledge

There has been a substantial increase in the number of Americans making financial resolutions for 2016, according to the latest survey from American Consumer Credit Counseling.

More than 75% of consumers have made financial resolutions for this year, a significant jump from 53% in 2015. 95% of this year’s respondents who have financial resolutions said they have a specific plan in place to help them achieve their goals.

More than half of those surveyed said paying off debt is their top financial goal. 22% of consumers want to save more money this year, compared to 13% last year.

Nearly one-third (32%) of this year’s participants said debt was their biggest source of financial stress. Last year, 22% of respondents felt their biggest regret was relying too heavily on credit cards, and 13% said they regretted spending money frivolously.

ACCC only surveyed 146 people this year through an online poll, so the numbers may not be fully reflective of the American population. In December, Allianz Life Insurance Company polled slightly over 1,000 people and found only 29% of respondents had New Year’s resolutions related to financial stability. 44% of those participants had resolutions related to health and wellness, not their savings or debt.

The information contained within this article was accurate as of January 21, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at
View all posts by Natalie Rutledge
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time