Two-thirds of individuals polled in a new survey say they are “moving in the right direction” in respect to saving money for retirement or achieving other financial objectives.
The Northwestern Mutual Life Insurance Company, Milwaukee, published this finding in a summary of results from the third in a series of research studies examining the state of planning in America. The Planning Perspectives Study, conducted by independent research firm Ipsos, asked respondents to indicate whether they as individuals and the nation as a whole are making progress in achieving key financial planning objectives.
Of the individuals polled, 66% say they are moving in the right direction in the area of savings. This compares with only 12% who say the nation’s saving is moving in the right direction.
When asked whether individuals and the nation are moving in the right direction, the survey also found that:
Debt: Nearly eight out of 10 (79%) respondents say they are moving in the right direction in the area of managing debt, compared to only 11% that feel the same way about the nation.