Most people view their finances in two ways – perception and reality. While they might perceive their situations one way, there are the everyday realities of budget, job security, inflation, interest rates and so on. But a third variable is confidence. And a New York Life Wealth Watch survey shows that 66% of American adults are confident in their ability to reach their financial goals.
In fact, 54% of American adults met or exceeded savings goals in 2022, on average reporting an aim to save $5,437 but in reality saving $5,011, according to the survey – not a bad number by any stretch of the imagination given the volatile year that passed.
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