Infographic: Money Matters

To navigate the waters of personal and business finance, we must first understand the money habits of the average American.   
Let’s take a look at the results from CMI’s 2022 Financial Health Survey.  

A full report of CMI’s 2022 Financial Health Survey will be released next quarter.   Sign up now to be placed on the early release list!

  • Infographic Transcript

    MONEY MATTERS

    UNDERSTANDING AMERICA’S FINANCIAL HEALTH

    CMI’s 2022 Financial Health Survey provides a snapshot of consumers’ behavioral and attitudinal trends associated with personal finance.

    FINANCIAL WOES

    • Feel their financial situation has become worse over the last year – 46%
    • Are very concerned about their level of debt – 41%
    • Have financial problems they don’t know how to solve  – 38%

    SAVING & INVESTING

    TOP METHODS OF SAVING

    • 56% Savings Account
    • 47% Checking or Money Market
    • 27% Retirement (e.g., 401k, IRA)

    37% Consider themselves to be a knowledgeable investor

    51% Put all their $ in checking &  savings accounts because they don’t understand different types of investments

    58% Avoid investing all together because they are afraid of losing a lot of $

    RETIREMENT

    4/10 cannot save for retirement because there is no $ left after daily expenses

    17% contribute less to their 401k plan than they did pre-pandemic

    35% feel they will need to work longer than they originally planned to retire

    21% feel they will never have enough $ to retire

    Retirement Age

    • 21% Never
    • 32% Before 60
    • 36% Between 60-69
    • 11% 70+