Fidelity Study Reveals Nearly Two in Three Young Adults Feel They Should Save More, But Are So Stressed About Their Finances – They Avoid Thinking About Them Altogether
More than three in four (76%) believe that to save money they must cut back spending on things that make them happy.
- More than three in four (76%) believe that to save money they must cut back spending on things that make them happy.
- The new Fidelity Bloom app is grounded in the insight that positive reinforcement works best in new habit formation, particularly when there is anxiety involved.
- Based on behavioral science, Fidelity Bloom creates incentives for anyone to establish healthier financial habits.
- The study reveals nearly two in three adults (65%), ages 18 to 44, feel they should be saving more money, but the thought of finances is too stressful, so they simply avoid thinking about the subject altogether.