QoD: What worries adults most when it comes to financial matters?

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May 21, 2019
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Question of the Day, Behavioral Finance, Retirement, Investing, Insurance

From Gallup:

Questions:

  • As you think about leaving high school, what would be your top money worry?
  • How do you think your parents/guardians would answer a question like this? 
  • What are steps that a person can take to reduce their worries when it comes to the first three items on the list?
  • How much do you think these answers would change during a recession (we are currently in the midst of an ongoing economic expansion)? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Gallup): 

 Not having enough money for retirement and not being able to pay for medical care in the event of a serious illness or accident are the most worrisome of eight financial issues for Americans. Slim majorities, 54% and 51%, respectively, report that they are "very" or "moderately" worried about each of these long-term financial matters in the April poll. Both of the latest readings are at the low end of the historical trend.

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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.