A recent survey by BadCredit.org reveals a significant sense of financial optimism among consumers as they prepare for 2025. Out of 500 adults surveyed, 72% expressed intentions to pay off their debt, with 49% prioritizing credit card debt. Many respondents plan to increase their monthly payments as a strategy to achieve this goal. In addition to debt repayment, consumers are also looking to change their financial habits, with 33% planning to avoid buy now, pay later services and 28% steering clear of impulse spending. To boost savings, 41% intend to cancel subscription services, while others will engage in no-spend challenges or adopt budgeting apps. Interestingly, 63% of consumers remain optimistic about the economy, attributing their positive outlook to factors like economic growth and political developments. As they embark on their financial journeys, many are seeking expert guidance and exploring new investment opportunities, such as the stock market and alternative assets.
Read the full article here.