Burnout Hitting Consumer Confidence, Finds KeyBank Survey
CLEVELAND, Jan. 9, 2023 /PRNewswire/ -- The KeyBank 2023 Financial Mobility Survey, released today, finds Americans are in a difficult financial position as 55% faced financial challenges over the last year, a substantial increase from the year prior (37%), with more than double the number of respondents flagging their biggest financial faux pas involved budgeting issues (89% vs. 35%, respectively). Yet, even as Americans face these challenges, the majority (85%) strongly desire to become more aware of their financial picture.
- "More people have experienced a loss of income, fewer feel financially savvy, and burnout is rising among younger respondents.
- "The last several years have taken a toll on individuals, impacting their financial and mental well-being," said Jamie Warder, Head of Digital Banking at KeyBank.
- To learn more about the survey's findings, review the KeyBank 2023 Financial Mobility Survey Executive Summary here .
- The survey asked respondents about their financial attitudes, understanding, awareness and actions over the prior year.