Posts Tagged ‘financial regret’

73% of Americans Have Financial Regrets

Posted on June 06, 2017 by Laura Lam

Nearly 3-in-4 U.S. adults have financial regrets, according to a new report. The most common is not saving for retirement early enough, followed by not saving enough for emergency expenses and taking on too much credit card debt.¬†Taking on too much student loan debt is fourth, however, it tops the list among older millennials (27-36 year-olds). Fifth overall is not saving enough for your children’s education and sixth is buying more house than you could afford. Baby Boomers are the most likely to regret not saving for retirement earlier; remorse over this issue grows steadily from age 18-62. It’s…

Most Americans Have Financial Regrets

Posted on May 19, 2016 by Laura Lam

It’s hard to get through life without at least one major financial regret. That’s the conclusion from a new Bankrate nationwide survey that finds only 17% of Americans say they have no money decisions they’d want to take back.¬† When Bankrate asked people to pick their biggest regret from a list of possibilities, “not saving for retirement early enough” was the most popular choice, with 18% of Americans saying that’s their top reason for face-palming over finances. Those in or near retirement are much more likely to bemoan a late start on retirement-saving than younger Americans. More than a quarter…