(MENAFN– GlobeNewsWire – Nasdaq) New Ramsey Solutions Research Highlights Millennial Concerns
Nashville, TN, Oct. 21, 2024 (GLOBE NEWSWIRE) – As Americans prepare to vote in two weeks, 78% are worried about the economy, with millennials (ages 27-42) being the most concerned at 83%, according to Ramsey Solutions’ State of Personal Finance report for Q3 2024.
The survey reveals that people are feeling the impact of rising costs and inflation. Additionally, 37% feel their finances are worse than four years ago, while only 29% believe they are better off.
More than half (52%) think the presidency significantly affects their finances. Personal finance expert Dave Ramsey encourages everyone to vote but stresses the importance of household budgeting, noting that less than half see it as essential for financial success.
Key findings include:
- 1 in 3 Americans cannot afford Christmas and plan to use credit cards.
- 49% report difficulty paying bills, with Gen Z struggling the most at 69%.
- 34% have at least $10,000 in consumer debt.
- Only 10% of U.S. adults invest 15% or more of their income.
For full report results, visit ramseysolutions.com/budgeting/state-of-personal-finance.
About the Study
The State of Personal Finance is a quarterly survey conducted by Ramsey Solutions involving 1,006 U.S. adults to understand attitudes toward money. Data was collected from September 12-16, 2024.
About Ramsey Solutions
Founded in 1992 by Dave Ramsey, Ramsey Solutions offers financial advice through the 7 Baby Steps, helping millions manage debt and build wealth. The company employs over 1,000 people dedicated to empowering individuals financially.
CONTACT: Curt Harding, Ramsey Solutions, 6156144432
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