WalletHub conducted a nationally representative poll of over 380 people in the U.S. to see what types of resolutions folks are making for 2023, especially in terms of personal finance. We also asked about people’s motivations for making resolutions, their expectations of success and much more. This survey took place from December 5 to December 9, 2022. You can find the complete results in the following infographic.
Key Stats
- 1 in 3 Americans are planning to make finance-related New Year’s resolutions.
- 31% of people with a financial resolution want to save more.
- More than 3 in 4 Americans plan to spend less money on New Year’s plans this year compared to last year.
- 42% of people think it will be harder to keep their New Year's resolution in 2023 than it was in 2022.
- 60% of people are anxious about the future of their finances.
- 30% of Americans say that 2023 will be worse for their wallet than 2022.
Survey Methodology
This report reflects the results of a nationally representative online survey of over 380 respondents.
After we collected all responses, we normalized the data by age, gender and income so the sample would reflect U.S. demographics.
Full Details Overall
| What type of New Year’s resolution are you most likely to make? (select all that apply) | |
|---|---|
| Health | 59% |
| Financial | 35% |
| Relationships | 25% |
| Habitual (biting nails, being late, etc.) | 20% |
| None | 19% |
| Educational | 14% |
| What type of New Year’s resolution are you least likely to keep? (select all that apply) | |
| Habitual (biting nails, being late, etc.) | 30% |
| Health | 32% |
| Educational | 21% |
| Financial | 25% |
| Relationships | 21% |
| Do you think that 2023 will be worse or better for your wallet than 2022? | |
| Better | 41% |
| Worse | 30% |
| Same | 29% |
| If you make a financial resolution, what will it be? | |
| Save more | 31% |
| Spend less | 28% |
| Make more money | 19% |
| Pay off debt | 18% |
| Improve credit score | 4% |
| Are you anxious about the future of your finances? | |
| Yes | 60% |
| No | 40% |
| How long do you expect to keep your New Year’s resolution? | |
| Full year | 43% |
| Up to 6 months | 17% |
| Up to 3 months | 17% |
| Not at all | 10% |
| Less than a month | 9% |
| Up to 9 months | 4% |
| What is your biggest financial concern for 2023? | |
| Inflation | 50% |
| Recession | 24% |
| Stock market drop | 13% |
| Job loss | 8% |
| Real estate downturn | 5% |
| Will the possible recession influence any of your New Year’s resolutions? | |
| No | 50% |
| Yes | 50% |
| Is it important to address inflation in the new year? | |
| Yes | 91% |
| No | 9% |
| Will it be easier or harder to keep New Year’s resolutions in 2023 than last year? | |
| Yes | 58% |
| No | 42% |
| Do you plan to spend more or less money on New Year’s plans this year compared to last year? | |
| Less | 77% |
| More | 23% |
| Do you plan to learn more about personal finance in 2023? | |
| No | 39% |
| Yes | 61% |
| Do you plan to invest more money in 2023 than 2022? | |
| Yes | 51% |
| No | 49% |
Note: Percentages may not total 100% due to rounding.
