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Almost half of Americans don’t know what a 401(k) is, according to a recent poll. <br/><br/>A national survey of 2,000 Americans, evenly split by generation, revealed that 43% of respondents don’t know what a 401(k) is. The survey examined Americans’ financial literacy, commitment to learning and adopting healthy money habits, and feelings regarding their bank accounts and financial futures. <br/><br/>The results revealed a significant lack of confidence among respondents regarding their financial literacy, with only 30% believing they could win a game of personal finance trivia.<br/><br/>And over a third (35%) don’t know what “interest” is in a financial context. <br/><br/>The study, commissioned by Beyond Finance for Financial Practice Week and conducted by OnePoll, revealed that despite these startling knowledge gaps, only two in five respondents (39%) consider themselves more financially literate than others. <br/><br/>Four in 10 Americans (39%) admit they procrastinate when implementing healthy financial habits. Gen Z are most likely to procrastinate (49%) while baby boomers are least likely to procrastinate (22%).<br/><br/>The top reasons respondents cited for postponing personal finance tasks include stress (25%), feeling their financial health is already poor and can’t get any worse (16%) and forgetfulness (13%).<br/><br/>“Unfortunately, avoiding looking at your finances and making healthy changes is incredibly common,” said Dr. Erika Rasure, chief financial wellness advisor of Beyond Finance, which can be overwhelming. Some people tend to neglect taking stock of their financial situation, and others can become nervously consumed by it. There’s a middle ground to take when improving your financial health — learn healthy money habits, pay attention and make small, achievable adjustments to your spending and habits.” <br/><br/>The study revealed the average American typically checks their banking app twice daily. Exactly half of respondents say they feel nervous when opening their banking portal, with Gen Z feeling most uncomfortable (65%). <br/><br/>In comparison, baby boomers feel the most calm (26%) and over a quarter of all respondents avoid signing into their banking apps on a daily basis, at all (26%). <br/><br/>Regarding budgeting habits, eight in ten respondents try to hold themselves accountable to a monthly budget with millennials and baby boomers tying for the best-laid financial plans (81%). <br/><br/>Of those who create a monthly budget, respondents only stick to it 66% of the time on average, with baby boomers exhibiting the highest accountability (76%) and Gen Z deviating the most from their budgets (58%). <br/><br/>For those trying to save money, the most popular strategies include buying on-sale items (53%), using coupons and discount codes (47%), limiting spending on clothing (45%) and shopping at discount stores (42%). <br/><br/>However, a considerable portion of respondents resort to more drastic measures to save money, such as infrequent social outings to bars and restaurants (39%), limited travel or not traveling at all (36%), rarely or never buying coffee at coffee shops (35%) and rarely or never buying gifts (32%).<br/><br/>Notably, 33% of respondents said they never take vacations.<br/><br/>Finances also influence relationships: Nearly four in ten (39%) reported that their or their partner’s unhealthy spending habits have negatively affected their relationship.<br/> <br/>A majority of those in relationships (63%) agreed that learning about personal finance as a couple would increase their chances of improving money habits successfully in the future.<br/><br/>“The first step in a happier financial future is education,” said Dr. Rasure. “The more you know about money and personal finances, the more equipped you’ll be to make better decisions and create a plan to meet your goals. That’s why Financial Practice Week is important. We want to encourage people to learn the money habits and practices they’ve been putting off so they can make progress toward a more stable, optimistic future.” <br/><br/>Survey methodology:<br/>This random double-opt-in survey of U.S. adults split evenly by generation (500 Gen Z, 500 millennials, 500 Gen X, and 500 baby boomers) was commissioned by Beyond Finance between Feb. 16 and Feb. 22, 2024. It was conducted by market research company OnePoll, whose team members are Market Research Society members and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).
⏲ 1:14 👁 46.5M
Vy Qwaint
⏲ 19 minutes 37 seconds 👁 103.8K
KSL News
⏲ 5 minutes 40 seconds 👁 9.8K
Haruka Sakura wants nothing to do with weaklings, he is only interested in the strongest of the strong. He's just started at Furin High, a school of degenerates known only for their brawling strength, strength they use to protect their town from anyone who wishes it ill. But Haruka's not interested in being a hero or being part of any sort of team, he just wants to fight his way to the top!
⏲ 23:55 👁 470K
PB The King
⏲ 57 seconds 👁 48.3M
AniSecond
⏲ 11 minutes 24 seconds 👁 1.1M
The recent Chelsea against Crystal Palace game was remarkable for Mauricio Pochettino's side breaking the Premier League record for the number of passes made without having a single shot on goal.<br/><br/>So how does a team find a teammate over 400 times, without creating a single chance in the process? Adam Clery explains that the problem is in their use (or misuse) of Enzo Fernandez.
⏲ 10:39 👁 1.8M
TODAY
⏲ 1 minute 51 seconds 👁 375.6K
Dylan Anderson
⏲ 23 seconds 👁 8.9M
A group of friends have brought their skills together to transform an old-school Volkswagen Beetle, named Tope, in order to take part in one of the world’s most ruthless races. The Baja 1000 is a Mexican desert race which takes place annually in the Baja California Peninsula. It’s the longest point to point off-road race in the world, that's run in a single day. Josh McGuckin, one of Tope's mechanics, explained how much of a challenge preparing for the race was for the team. He told FutureStudiosCars “Driving this car in the Baja 1000 can be summed up for me in one word, exhausting.” To an outsider the car would appear as just a “really old bugg” but once inside, “suddenly it just comes to life”. Starting with the VW Beetle was a huge undertaking for the team, as they had to modify the classic 1970 car to be suitable for the incredibly harsh conditions. However, the extreme nature of this race did take its toll on the well-loved vehicle, “every time you come back from a race, you’re constantly rebuilding and replacing everything”, Josh explained. The bugg may not be the fastest car, but it’s capable of doing the job for this team. And the teamwork paid off as Tope triumphantly reached the finish line. Josh spoke about his relief and elation, “every time we race this car, we learn something new.\
⏲ 4:4 👁 1.6M
GabeSweats
⏲ 1 minute 👁 2.8M
Dhar Mann Studios
⏲ 7 minutes 11 seconds 👁 14.8M
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