What is Financial Wellness? It’s Not Today’s Consumer Money Experience
What is Financial Wellness? It’s Not Today’s Consumer Money Experience
13 PagesMX’s 2023 survey shows financial wellness means more than paying bills; it’s about security, balance, and peace of mind. While 44% feel better off than a year ago, 48% say money is their biggest stressor and 76% worry about inflation. Top goals include saving for retirement, paying off debt, and covering bills, but 41% still carry month-to-month credit card balances. Consumers want easier tools, yet 45% only check individual accounts and 23% of Boomers still use spreadsheets. With many juggling multiple apps, 60% prefer multi-factor authentication, but personalization remains lacking, highlighting the need for seamless, connected money experiences.
