Many people are optimistic about their financial situation.

Many people are optimistic about their financial situation.

Americans may have experienced some tough times keeping a financial strategy in the past several months, but when looking toward the future, there may be brighter times on the horizon.

Nearly one-third of Americans think that they will fare better financially in 2014 than they did this year, according to a report from Country Financial. This is the highest level of individuals since the final month of 2007, when 42 percent said this.

There are a number of reasons people are optimistic about their financial situation improving. The report explained that 48 percent of Americans think they will get raises next year. Another 14 percent noted that they will try and cut down their debt levels.

“It’s great to see more Americans are optimistic about their 2014 financial situation,” said Joe Buhrmann, manager of financial security support at Country Financial. “Creating a financial plan – or reviewing your existing one – will help ensure that confidence remains throughout the year. While there are outside factors affecting financial security you can’t control, focus on those you can control when laying out your short-term and long-term financial goals.”

However, some are still a little worried that their financial situation may not get better next year. The report noted that one-quarter of Americans think their finances will worsen in 2014.

Despite this, nearly 60 percent of consumers think they will be able to retire comfortably, the report explained. Another 79 percent felt they can pay off debt manageably, while 61 percent are confident they will have the money to help their kids get an education.

Savings important for many next year
Taking the right steps toward a person’s financial future is important, but there may be many who are looking to make this a priority next year.

Nearly 40 percent of Americans want to save money more than any other financial improvement next year, according to a report from GoBankingRates.com. Cutting debt was the main priority for close to 29 percent of those polled.

“Considering the typical debt hangover Americans experience post-holidays, it makes sense that ‘saving money’ and ‘paying down debt’ are popular resolutions this year,” said Jennifer Calonia, editor of GoBankingRates.com. “Recent events like the government shutdown and health care changes undoubtedly play a big role in these choices, too.”

Investment was the next-highest response, as 12 percent said this, the report added. Getting a raise was the priority for nearly 11 percent of those polled.

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