Motivation and Money Goals
August 11, 2023
According to a survey taken in late 2022, almost 40% of consumers have set “very” or “extremely” clear long-term financial goals — though for different reasons.
Most important motivations cited by consumers for setting financial goals
- 32.5% Saving for retirement
- 13.7% Repaying debt
- 11.3% Preparing for emergencies
- 9.5% Buying a house
- 8.2% Buying a car
- 4.8% Paying for education
- 2.1% Starting a business
Source: PYMNTS, December 2022
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