Americans think more about money than their jobs, health & love lives [infographic]

Americans think about money more than almost anything else, according to the 2015 Life + Money Survey conducted by GOBankingRates.


And if truth be told, it’s probably the same here in Australia where many people still struggle with basic money skills like sticking to a budget, leaving them in fear of always living paycheque to paycheque.

Here’s what people say are their biggest financial challenges, from the most common to the least:

  • Sticking to a budget: 20%
  • Planning for retirement: 20%
  • Paying for higher education: 15%
  • Saving up an emergency fund: 13%
  • Saving for a home: 12%
  • Paying off credit cards: 12%
  • Building an investment portfolio: 8%

Of course people’s biggest financial challenge often reflects their stage of life.

For instance, one in three baby boomers say their biggest financial challenge is planning for retirement — and baby boomers are five times more concerned with this than young millennials, whereas young millennials struggle with paying for higher education three times as much as boomers.


Source: GoBankingRates

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

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