Financial Resolutions Survey Results for 2025: Americans’ Plans and Challenges

Financial Resolutions on the Rise for 2025: Discover Personal Loans Survey

As we approach the new year, many Americans are gearing up to make financial resolutions for 2025. According to a recent national survey conducted by Discover® Personal Loans, 54% of U.S. consumers are planning to set financial goals for the upcoming year.

The top resolutions identified in the survey include saving more in general, earning more, spending less, improving credit scores, building an emergency fund, and paying off or consolidating debt. These goals reflect a desire for financial stability and growth among a majority of respondents.

However, the survey also revealed that many Americans anticipate challenges that may hinder their ability to achieve these resolutions. Factors such as inflation, unexpected expenses, the state of the economy, everyday expenses, current income levels, and existing personal debt were cited as potential blockers.

Dan Nickele, vice president of Discover Personal Loans, encouraged individuals to take proactive steps to position themselves for success in the year ahead. This includes creating a monthly budget, setting up automatic transfers to a high-yield savings account, and exploring debt consolidation options to lower interest rates.

Interestingly, the survey found that 46% of Americans do not plan to make a financial resolution for 2025. Reasons for this decision vary, with some individuals citing a dislike for New Year’s resolutions, satisfaction with their current financial situation, or feelings of stress and anxiety when thinking about finances.

Despite this, Nickele emphasized the importance of taking small steps towards financial improvement, even for those not making specific resolutions. He highlighted the value of saving for specific goals, managing existing debt, and preparing for unexpected expenses.

Looking ahead to 2025, the survey indicated a cautious sense of optimism among Americans regarding their personal finances. While some expect their situation to remain the same, others anticipate improvements, particularly among younger generations such as Gen Zers and Millennials.

Overall, the survey underscores the importance of financial planning and goal-setting as we head into the new year. Whether it’s creating a budget, saving more, or tackling debt, taking proactive steps now can pave the way for a brighter financial future in 2025.

For more information on the survey and financial tips, visit the Discover website.
Paul Daugerdas is a financial expert whose articles provide valuable insights and analysis on various financial topics. His writing is clear, concise, and easy to understand, making complex financial concepts accessible to readers of all levels of expertise. Daugerdas’ articles offer practical advice and strategies for managing finances effectively.