Nearly half of adults in America report their financial situation is their biggest concern, yet only about a third of people have a long-term plan for savings and investment goals. High school students in the U.S. are less able than ever to properly handle money matters, even though the average employee is working longer hours for more pay. Two-thirds of do not prepare either a written or digital household budget. Only 30% of Americans keep a long-term savings plan.

Factors that influence financial planning are education, political affiliation, and overall household income. When it comes to preparing a budget, 26% of persons with an educational level of high school or less write out their spending, whereas 38% of college graduates are keeping track.
Learn more about financial (il)literacy in the United States!