Eighty-four percent of Americans surveyed said they will not include financial planning in their New Year's resolutions for 2013, according to a survey by Allianz Life Insurance Co. of North America.
The percentage was the highest level in the survey's four-year history, exceeding the 80 percent of respondents who ignored financial planning when making resolutions for this year and the 67 percent from the inaugural 2009 survey.
Their reasoning varied:
- Thirty-two percent said they "don't make enough to worry about it."
- Twenty-six percent said they already "have a solid financial plan"
- Twenty percent said they don't have a financial adviser or professional.
"It's alarming that Americans' willingness to ignore financial planning in their New Year's resolutions continues to go up year after year," Katie Libbe, vice president of consumer insights for Allianz Life, said in a press statement. "With the responsibility for retirement security shifting from employers to individuals, people need to become more, not less, active with financial planning to ensure they have enough money to fund a retirement that could last up to 30 years."
When respondents were asked how likely they are to seek advice from a financial professional in 2013, 36 percent responded less likely and 20 percent said they were more likely than in 2012. Another 44 percent said they were unsure.
Health and wellness was the most important focus area for the upcoming year. Forty-four percent of respondents made it their top selection followed by financial stability (31 percent), employment (15 percent) and education (6 percent).
In terms of resolutions they are most likely to keep, exercise and dieting came out on top at 44 percent, besting better money management at 41 percent. Twenty-six percent said they were most likely to keep their resolution to spend more time with family and friends.