A new study from WSFS Bank and OnePoll found many Americans fear they will never be able to be reach their financial goals. (Photo by Mathieu Stern on Unsplash)Four in 10 (40%) Americans under the age of 40 aren\u2019t optimistic that they\u2019ll succeed in their financial goals one day, new research suggests.A recent study asked 2,000 people between the ages of 18\u201340 to describe their financial fears and goals, as well as how their experiences have been informed by previous generations.Of those polled, 43% said they frequently have trouble paying everyday living expenses, with 19% saying it happens to them \u201cconstantly.\u201dAccording to the survey, which was conducted by OnePoll on behalf of WSFS Bank, many common monetary ambitions still feel out of reach for the nation\u2019s Gen Z and millennial populations.Topping the list of most \u201cimpossible-seeming\u201d goals: saving for emergency funds (39%), saving for retirement (38%), buying a home (37%), and building good credit (36%).When it comes to financial setbacks, respondents were most worried about losing a job or taking a pay cut (48%), making bad financial decisions (40%), and needing to file for bankruptcy (39%).In fact, 58% said they actively avoid thinking about or navigating their finances out of fear that \u201cthey\u2019ll mess it up.\u201dSix in 10 (59%), for example, are still \u201cterrified\u201d by the idea of having to apply for mortgages.\u201cWhile overspending is often the first thing that pops into consumers\u2019 minds when they think of financial troubles, financial stagnation has played just as large a role in recent years,\u201d said Vernita Dorsey, SVP and Director of Community Strategy at WSFS Bank.\u201cIt\u2019s never too late for any generation to prioritize money management to build financial stability and wealth for yourself and future generations. There is an abundance of educational content online to help build your financial confidence.\u201dDespite these\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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