Knowledge Center

Americans Are Confident They Can Achieve Their Financial Goals, But High Costs and Poor Credit Create Obstacles for Many

educating-myself | Read Time: 3 minutes

By WSFS Contributor | Published: April 2022

Nearly three-quarters of Americans (72%) feel confident they will achieve their financial goals, according to a new WSFS Bank survey. However, two-in-five (39%) said they’re not confident they can keep pace with inflation’s impact on goods and services, and nearly a quarter (24%) say having poor credit prevents them from using financial products and services, underscoring the challenges consumers currently face when managing their money.

The study, which surveyed 1,500 consumers nationally and 1,750 in the Greater Philadelphia and Delaware region, gauged the financial goals, confidence and access of those 18 years and older.

Check out the infographic below to learn more about the study’s key findings.

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