DALLAS–Just over half of Americans still believe they will become financially independent and achieve the American Dream at some point in their lives, according to a new survey conducted by the National Financial Educators Council (NFEC).
The survey, which was conducted June 18-23, 2022, measures people's feelings and attitudes toward money and level of confidence when making financial decisions. Adults around the U.S. were asked to rate how much they agree with the statement, "I will become financially independent at some point in my life." Response choices were "Strongly agree," "Agree," "Neutral (I neither agree nor disagree)," "Disagree," or "Strongly disagree."
Of the 1,506 respondents, 55.4% responded either "Strongly agree" or "Agree" to this question. Only 16.5% said they felt they would not reach financial independence in their lifetimes. The remaining 28.1% responded "Neutral," indicating that they may be on the fence about this important issue.
‘Serves as Reminder’
"The American Dream is rooted in the belief of a better life and optimism for the future, and the data from this survey shows that many Americans feel that dream is attainable," says Vince Shorb, CEO of the NFEC. "However, it also indicates that many have given up hope for financial independence. This serves as a reminder of the ongoing need for advocacy to educate those who otherwise see little or no chance of ever achieving financial independence."
The full survey results are here.
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