Financial confidence survey results

Financial confidence is split across generations
Although Americans as a whole are more optimistic than pessimistic about their financial futures, that enthusiasm is more prevalent among the generations of young professionals: Millennials and Gen Xers. Gen Zers, who are between the ages 18 to 22 in 2019, have a neutral outlook about their finances, perhaps because of their younger age. The silent generation is less neutral, perhaps because of their older age.
For both millennials and Gen Zers, 63% of each group responded that they think they’ll get ahead financially during the 2020s, which is 19% more than the population as a whole. They should: Gen Zers will enter into the workforce and millennials will advance their careers during the next decade, so their financial situations should improve, hypothetically.

Data suggests that financial optimism is split among party lines, too

It’s not productive to draw broad conclusions over political parties in today’s polarized climate, but here’s what the data shows:
  • More Republicans (58%) report feeling optimistic about their finances than Democrats (47%).
  • Democrats are disproportionately affected by student loan debt compared with Republicans: 24% versus 17%, respectively.
  • Republicans report being stressed out about credit card debt at a higher rate (45%) than Democrats (35%).
Make of that what you will.


Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

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