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For many, a new year means new resolutions. The top three most common financial resolutions remain consistent year-over-year. Can you guess what they are?
Answer:
Questions:
- Which resolution from the top 3 do you think is most important? Why?
- Have you ever thought about making a financial resolution as you start a new year? If so, what was it?
- Select one of the resolutions in the top 3. What are some strategies you could use to achieve that goal?
Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Fidelity):
“Fidelity Investments’ annual Financial Resolutions Study is designed to explore attitudes about making New Year financial resolutions. This year’s study examines how Americans are approaching the new year given the economic headwinds of market volatility and inflation and explores whether they’re making a resolution to improve their financial situation. Of those planning a financial resolution for the new year, 94% say they’re approaching it differently given the events of the last couple of years. Nearly half (45%) are considering more conservative goals. Those making financial resolutions hope to achieve “greater peace of mind” and “live a debt-free life.”
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Want to access more Behavioral Economics-focused activities and resources? Check out the Behavioral Economics unit page.
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