A Desire to Live Debt-Free Spurs Many New Year's Resolutions

(NewsUSA) - With the start of a new decade just around the corner, Americans are feeling optimistic about their current and future financial situation, but reducing the burden of personal debt will be a priority for many who acknowledge they bit off more than they could chew in 2019.

According to Fidelity Investments' 2020 New Year Financial Resolutions Study, 82 percent of respondents said they're in a similar or better financial position than last year. Perhaps surprisingly, most credited their success to their own good habits - saving more (47 percent) and budgeting (29 percent) - rather than their investment gains (18 percent) from a stock market that made one high after another. Less than 25 percent put it down to having been able to work more hours in a strong economy.

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