Nearly two-thirds of Americans — 65% — are pledging to improve their finances in 2025, according to a poll of around 3,000 adults that was part of the Fidelity Investments latest annual New Year’s Financial Resolutions Study.
Due to inflation and other recent economic issues, 33% of those making financial resolutions intend to keep their goals more conservative. But they still plan to try to make 2025 a year of getting ahead financially.
Fidelity asked respondents about their biggest money worries for the new year. Following are the top anxieties they mentioned.
3. Economic uncertainty
Respondents who cited this as a top financial concern for 2025: 32%
Yes, there are positive signs in the economy, especially in terms of ebbing inflation. But with a new president in the White House in 2025, it’s impossible to know what that change — and others — will mean for the economy over the long haul.
Perhaps boom times are ahead. Or maybe an unhappy bust is around the corner. Such uncertainty has nearly one-third of American on edge.
For more about how changes in Washington might impact you, check out “Will Trump’s Tax Plan Help or Hurt Your Wallet? 7 Key Insights.”
2. Inflation
Respondents who cited this as a top financial concern for 2025: 37%
Inflation has finally begun to subside in America, as evidenced by the fact that in the survey, inflation has fallen from the top worry in 2024 to second place in the 2025 survey.
By and large, the news on inflation has been increasingly good, as the trend toward higher prices appears to be cooling.
Still, costs have risen substantially in recent years and are unlikely to fall anytime soon.
1. Unexpected expenses
Respondents who cited this as a top financial concern for 2025: 38%
Regardless of the state of the economy — good or bad — life has a habit of dropping unexpected expenses into your lap when you can least afford them.
Surprise expenses are particularly unwelcome when you are retired and no longer have a paycheck coming in. If you are retired — or if you plan to stop working in 2025 — check out “6 Common Retirement Costs That Too Many People Underestimate.”
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