Survey Conducted by CNBC and Acorns in Partnership with SurveyMonkey
ENGLEWOOD CLIFFS, N.J. and SAN MATEO, CA, April 1, 2019 – CNBC, First in Business Worldwide, and Acorns, the country's fastest growing financial wellness system, today announced the results of the Invest in You Savings Survey. The national survey, conducted in partnership with SurveyMonkey (Nasdaq: SVMK), a leading global survey software company, examined the savings behaviors of more than 2,000 Americans ages 18 and up.
The survey asked Americans how they feel about their ability to save for retirement, manage their own money, and plan for financial success and hardship. The results were analyzed by age, gender, race, political affiliation, education, marital status, and household income.
Key findings from the Invest in You Savings Survey include:
"Our survey shows a dichotomy: while Americans say they're increasingly confident about saving for retirement, it's also their top personal finance concern," said Jon Cohen, chief research officer at SurveyMonkey. "The study shows debt, near-term expenses and emergencies hinder Americans' impulse to save, begging the question, how can businesses and financial institutions better incentivize pre-tax retirement contributions?"
The Invest in You Savings Survey was conducted in partnership with SurveyMonkey. This SurveyMonkey online poll was conducted March 11-13, 2019 among a national sample of 2,381 adults. Respondents for this survey were selected from the more than 2 million people who take surveys on the SurveyMonkey platform each day. The modeled error estimate for this survey is plus or minus 3.0 percentage points. Data have been weighted for age, race, sex, education, and geography using the Census Bureau's American Community Survey to reflect the demographic composition of the United States age 18 and over.
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SurveyMonkey (NASDAQ: SVMK) is a leading global survey software company on a mission to power the curious. The company's People Powered Data platform empowers over 17 million active users to measure and understand feedback from employees, customers, website and app users, and the market. SurveyMonkey's enterprise solutions and integrations enable 98% of the Fortune 500 to solve daily challenges, from delivering better customer experiences to increasing employee retention. With SurveyMonkey, organizations around the world can transform feedback into business intelligence that drives growth and innovation.