
For many individuals and families, spending money in the moment may seem like the quick path to instant happiness, but down the line, purchases can have long-lasting impacts. A recent Bankrate study surveyed 3,700 adults and found that 74% experienced some level of financial regret. The largest percentage described not saving for retirement earlier as the No. 1 regret. The next most common regret was taking on too much credit card debt, followed by not saving enough for emergency expenses. The study additionally showed that almost half of Americans who have stress over financial regret have become increasingly more stressed this year compared to last year. This increased stress is most common among younger generations, with 60% of Gen Zers and 57% of millennials reporting higher stress levels in 2023. The older generations of Gen Xers and baby boomers have had more years to work toward accumulating wealth, leading to…
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