Biggest Financial Regrets
It’s hard to get through life without at least one major financial regret. That’s the conclusion from a new Bankrate nationwide survey that finds only 17% of Americans say they have no money decisions they’d want to take back.
Approaching retirement: A wake-up call
Those in or near retirement are much more likely to bemoan a late start on retirement-saving than younger Americans. More than a quarter of those 65 and older say it’s their biggest regret, versus roughly 16% of younger respondents.
Another big regret: What emergency savings?
A lack of savings for emergencies is a source of anxiety for many people, making it another top financial regret. Millions of Americans — 13% in our poll — consider not having an emergency fund their biggest money misgiving. That’s the 2nd most popular response overall and a particularly keen concern among young adults and those making less than $30,000 a year.
Money regrets can haunt you
While student loans finish 3rd overall among Americans’ biggest regrets, it’s at the top for younger Americans, with just under a quarter of Americans aged 18 to 29 citing it as their No. 1 financial source of remorse. And, women list student loan debt as a regret at twice the rate men do.
Source: http://www.bankrate.com/finance/consumer-index/financial-security-charts-0516.aspx
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