Survey: Money Goals in Flux Under Pressure of Pandemic

A majority surveyed say 2020 had a big effect on financial plans: Many were derailed, but some were achieved early.
Elizabeth RenterDec 17, 2020

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From jobs to vacations, 2020 had a way of derailing our best-laid plans. And according to a new survey from NerdWallet, financial goals often took a hit. But the impact on those goals won’t deter everyone from giving them a go again in 2021.

Most U.S. adults (84%) started 2020 with financial goals, according to the NerdWallet survey of more than 2,000 U.S. adults conducted online by The Harris Poll. But about four-fifths (81%) of those with goals at the start of the year say those aspirations were impacted by the coronavirus pandemic.

Here are some of the key findings from that survey, including how Americans are thinking about their money goals in the year to come.

Among those with 2020 financial goals at the start of the year:

Of those with 2020 financial goals at the start of the year:

This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet Oct. 29 through Nov. 2, 2020, among 2,047 U.S. adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact Madison Gouveia at [email protected]

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