Sunday, December 24, 2023

Mastering the Money Game - A Glimpse into America's Shifting Landscape of 2024 Resolutions

As America gets ready for 2024, there's something big cooking in the realm of New Year resolutions. Forget the usual promises to sweat it out in the gym or become best friends with kale—fresh data from Statista's Consumer Insights survey spills the beans on a new resolution champ: mastering the money game.

Now, the limelight is squarely on saving more money, pushing aside the usual health-focused goals. The survey paints a clear picture of a society that's all about financial dreams, leaving treadmills and salad bowls in the dust.

Digging deeper, there are other resolutions elbowing their way into the spotlight. Stress-busting from the daily grind and a real effort to break free from the clutches of social media each claim a solid 19 percent of the resolution pie. Meanwhile, the less flashy goals of cutting down on alcohol (13 percent) and hopping onto the vegetarian/vegan train (3 percent) find themselves playing second fiddle.
In tune with the big theme of being smart with money, a whopping one in four U.S. adults is shouting from the rooftops about wanting to tighten the belt on basic living expenses like food and energy in the coming year.

Taking a broader peek into American savings culture, a previous Statista survey from the vaults of 2022 shines a light on the areas that took a hit during economic turbulence. The trifecta of sacrifices includes slashing contracts and subscriptions (66 percent), downsizing the wardrobe budget (42 percent), and waving goodbye to the good times at bars, cafes, and restaurants (39 percent). This, my friends, is the ongoing tale of resolutions and financial street smarts in the always-changing world of American dreams.

Dollars and Determination: Charting the Course of Financial Resolutions in America for 2024
Chart: DIW

Read next: Does Reducing Social Media Usage Make You Happier? This Study Says Yes
by Irfan Ahmad via Digital Information World

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