Time to go back to the basics
Fidelity’s 2023 New Year’s Financial Resolutions Study found that two-thirds of respondents are considering a financial resolution for 2023, a share that has remained remarkably consistent over time.
The short-term vs. the long-term shift likely has much to do with Americans’ contending with inflation and the impact that the three years of pandemic have made on our lives. Of those planning a financial resolution for the new year, the vast majority say they’re approaching it differently given events of the last couple years, with nearly half “considering more conservative goals. Those making financial resolutions hope to achieve ‘greater peace of mind’ and ‘live a debt-free life.
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