Regions Next Step Survey Finds 81% of Americans Do Not Feel “Financially Fit”
Regions Financial Corporation (RF)
Last regions financial corporation earnings: 4/17 06:00 am
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US:NYSE Investor Relations:
ir.regions.com
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Source: Business Wire
BIRMINGHAM, Ala.--(BUSINESS WIRE)--A new survey from Regions Next Step, Regions Bank’s financial education program, finds that the majority of Americans surveyed (81%) do not consider themselves to be “very financially fit.” Additionally, more than two-thirds (69%) of those who do not consider themselves financially fit say they do not have a formal budget and 61% are feeling stressed about their household’s financial situation over the next year.The survey, conducted in April, provides insight to American sentiment about their current financial fitness and situation. Findings show that having a formal financial budget contributes to feeling more financially fit, which may reduce stress and increase confidence in the ability to withstand a fiscal emergency. Other key findings include:60% of respondents do not have a formal financial budget.Respondents who say they have a formal financial budget are two times as likely to say they are “very financially fit” compared to those who do
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