In today’s economy, Americans are balancing short-term survival with long-term wealth building. While 92% of Americans say investing is the key to building wealth, a new report by IPX1031 finds that nearly 2 in 5 have changed investment strategies in the last year due to financial pressures.
- Top changes they made: shifting to safer investments (42%), increasing savings (42%), and adding new income streams (36%)
- 18% sold stocks or mutual funds to cover everyday expenses
- 15% withdrew from emergency savings to get by
How do Americans make money management decisions? 22% find financial advice online, 20% use a financial advisor, and 18% turn to family for help. Social media is becoming a trendier source of information for Gen Z: 1 in 10 turn to influencers for financial advice.
Take a look at the full report for a breakdown of the most common investment types and deeper generational insights.
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