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.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.