As 2026 approaches, more Americans are declaring their intent to focus on financial resolutions, spurred by ongoing budget concerns. A recent study conducted by Fidelity Investments reveals that 64% of respondents are considering financial goals for the new year, an increase from 56% last year. The findings highlight a growing priority on short-term savings strategies among individuals grappling with financial pressures.
According to the annual study, the most common financial resolutions remain consistent year-over-year. 44% of those surveyed expressed a desire to save more money, while 36% aim to pay down debt, and 30% seek to reduce spending. Leanna Devinney, market leader at Fidelity Investments, noted in an interview with FOX Business that “this was the second year in a row where Americans were prioritizing more of those short-term savings.” She emphasized a shift towards immediate financial goals, such as building emergency funds and tackling debt, rather than longer-term objectives.
The study also revealed that a significant number of Americans feel overwhelmed by their financial situations. Approximately 55% reported feeling this way, with 31% describing their relationship with money as stressful. Among younger demographics, a startling 68% of Millennials and 64% of Gen Z participants indicated they are particularly burdened by financial concerns.
In recent years, financial stress has escalated, with many individuals struggling to save for future goals after managing monthly bills. The study found that 35% of respondents worry about saving money after covering bills, while 34% express anxiety over their ability to pay monthly expenses. Additionally, 30% are concerned about healthcare costs in retirement and having sufficient savings for retirement itself.
Fidelity’s findings indicate that nearly three-quarters of Americans faced a financial setback in the last year. This reality may explain the emphasis on building savings to prepare for unforeseen challenges. Around 20% reported experiencing an unexpected non-health emergency. Devinney highlighted that in 2025, 72% of Americans experienced some form of financial setback, which correlates with the 55% who feel overwhelmed by their finances. Rising prices have also contributed to this sentiment, with 33% stating they feel they have significantly less money to work with.
Despite these challenges, there is a sense of optimism among respondents. The study found that 70% of participants believe they are in a better or similar financial situation compared to the previous year. Furthermore, 43% reported feeling more positive about their finances than they did five years ago, marking an increase from 36% last year.
Devinney remarked on the year’s financial landscape, noting, “The beginning of the year really started as a roller coaster. We saw significant market volatility and then a significant market rebound.” She cited ongoing concerns about rising prices and the impact of inflation as influencing factors for changing financial priorities. The focus on short-term savings appears to be a reaction to recent market fluctuations and the need for a more cautious approach to finances.
She expressed encouragement regarding the prioritization of short-term financial goals, highlighting that 25% of respondents intend to build up their emergency fund in the coming year, while 23% aim to adhere to a spending budget. This trend reflects a shift towards financial mindfulness, as Americans seek to navigate the complexities of their financial futures in a challenging economic environment.
