NEW YORK, Dec. 15, 2020 /PRNewswire/ -- Despite the
turbulence of 2020, Americans are not turning their backs on making
goals for the year ahead. In fact, more Americans are planning to
make New Year's resolutions for 2021 (43%) than did so for this
year (35%), according to a new survey from CIT Bank conducted by
The Harris Poll.
CIT's survey of more than 2,000 Americans, which took place
between December 1 and December 3,
found that while COVID-19 upended lives, a strong majority of those
who made resolutions for 2020 (84%) report that they have kept at
least somewhat on track with their resolutions throughout the
year.
Gen Z (ages 18-25) and Millennials (ages 26-39) are prioritizing
New Year's resolutions the most, with 56% and 61%, respectively,
planning to make resolutions for 2021. By comparison, 45% of Gen X
(ages 40-54) and just 24% of Boomers/Seniors (ages 55+) are making
resolutions.
Focus on Exercise and Self-Care
Among those planning
to make resolutions for 2021, the top choices include exercising
regularly (56%), managing their weight (50%), focusing on saving or
budgeting (49%) and practicing more self-care (49%). Surprisingly,
only 39% are resolving to spend more time with family and friends
in the New Year, suggesting that even following a year marked by
limited interactions with others the primary focus is on self-care.
Notably, 53% of Gen Z have the goal of learning a new skill, more
than any other generation.
"Looking at the year ahead, Americans are resolving to focus on
self-care, setting goals to exercise, develop better habits,
de-stress and meditate," said Ravi
Kumar, head of CIT's direct bank. "Encouragingly, many are
also resolving to save more money or budget their finances better,
practicing financial self-care. In addition to taking care of the
body, mind and spirit, it's also important for consumers to take
care of their finances, which helps lead to a more balanced and
stress-free life."
Americans' Savings Patterns Hold Compared to Last
Year
Despite uncertainties related to the pandemic and
economy, an encouraging 40% of Americans are saving the same amount
of money compared to this time last year, with another 27%
reporting that they are saving more money. Just one-third (33%) are
saving less than they were at this time in 2019.
"Creating and maintaining a smart savings strategy can help
consumers live a healthier and more balanced life, providing peace
of mind amid continued uncertainty," continued Kumar.
CIT Bank's Money Market account can make it easier to
manage and maintain savings goals, as it offers a way to grow
savings while maintaining access to funds. It's an FDIC-insured,
flexible and accessible account that can be used for building up a
financial safety net for emergencies or saving for short- or
long-term goals.
See more from CIT Bank's New Year's Resolution Survey in this
infographic.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
About The Survey
This survey was conducted online
within the United States by The
Harris Poll on behalf of CIT Group from December 1-3, 2020 among 2,037 U.S. adults
ages 18 and older. For complete survey methodology, including
weighting variables and subgroup sample sizes, please contact
Susan Fitzpatrick
(Susan.Fitzpatrick@cit.com).
MEDIA RELATIONS:
Susan Fitzpatrick
(212) 461-7806
Susan.Fitzpatrick@cit.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/covid-19-hasnt-canceled-new-years-resolutions-according-to-cit-bank-survey-301192461.html
SOURCE CIT Group Inc.