With holiday shopping season nearly done and inflation season breathing down our necks, 56% of Americans say inflation is their biggest financial concern for 2025, according to a new WalletHub survey released today. In order to provide a playbook for how to overcome financial obstacles and make improvements in the new year, WalletHub also released its list of the Top 15 Financial Resolutions for 2025.
Key Findings
- Biggest Worry for 2025: 56% of Americans say inflation is their biggest financial concern for 2025.
- Frugal New Year's Festivities: More than 3 in 5 Americans expect to spend less money on New Year’s plans this year compared to last year.
- Wallet Optimism for 2025: Nearly 2 in 3 people say that 2025 will be better for their wallet than 2024.
- Financial Resolutions: 52% of Americans are planning to make finance-related New Year’s resolutions.
- Manifesting More Money: 41% of people making a financial resolution say they want to save more, while 21% want to spend less and 20% want to make more money.
- Stressed by Resolutions: 62% of Americans think New Year’s resolutions add too much pressure.
| WalletHub’s Top Resolutions for 2025 | ||
| 1. Make a realistic budget & stick to it | 9. Protect your identity | |
| 2. Get a 5%+ return on your cash | 10. Focus on physical health, given its strong connection to financial health | |
| 3. Save more money | 11. Look for a better job | |
| 4. Explore ways to refinance high interest rates | 12. Make sure you have enough insurance for a catastrophe | |
| 5. Repay 25% of your credit card debt | 13. Get an A in financial literacy | |
| 6. Use different credit cards for everyday purchases & debt | 14. Improve your WalletScore | |
| 7. Fight back against inflation | 15. Join a Credit Union | |
| 8. Pay bills right after getting your paycheck | ||
“Despite continued concerns about inflation, Americans are cautiously optimistic about their finances heading into the new year. Nearly 2 in 3 people believe that 2025 will be better for their wallet than 2024, according to a new WalletHub survey. One reason for that is the fact that 52% of people plan to make finance-related New Year’s resolutions, with saving more being at the top of that list. Hopefully, this will reduce debt levels and put people on a more sustainable path.”- John Kiernan, WalletHub Editor
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