2024 Financial Capability Survey

Nearly one-third of Americans (32%) are just getting by financially, and a staggering six in ten (62%) fear government instability will harm their finances in the next 12 months. This pervasive anxiety is hindering long-term financial planning, with around half feeling uncertainty makes achieving their goals impossible.

Roughly 6 in 10 (61%) feel most improvements in the U.S. economy don’t benefit people like them.

More than half (55%) agree that uncertainty in the U.S. economy makes it impossible to achieve their long-term financial goals.

At least one-quarter of Americans are concerned their money won’t last (39%), or feel they will never have the things they want in life because of their financial situation (24%).

1 in 3 (31%) don’t pay all their bills on time – up from 27% last year.

Only approximately 2 in 5 Americans (42%) have a budget & keep track of spending.

Nearly 4 in 10 (39%) are concerned the money they have or will save won’t last, and top financial concerns remain concentrated on the lack of savings (27%).

Fewer Americans give themselves an A or B when considering their own knowledge of personal finance (53% vs 57% in 2023).

An increasing number feel that considering what they already know about personal finance, they could still benefit from some advice and answers to everyday financial questions from a professional (80% vs 77% in 2023)