(TND) — A lot of Americans have financial regrets.
Bankrate's new survey shows 77% of American adults have a financial regret.
And the top overall regret was not saving for retirement early enough.
That was mentioned by 22% of people in Bankrate’s survey.
“That is the most common regret, but it looms largest for Gen Xers and baby boomers,” Bankrate Chief Financial Analyst Greg McBride told The National Desk this week.
Another 18% said not saving enough for emergencies was their biggest financial regret.
In third place was taking on too much credit card debt. That got 14% of the response in the Bankrate survey.
Younger generations were more concerned with a lack of emergency savings. That was the top concern for both Gen Zers (26%) and millennials (21%).
The retirement concerns loomed large for boomers (37%) and Gen Xers (26%).
For all generations, smaller shares of people said their biggest financial regrets were too much student loan debt (5%), not saving enough for their child’s education (4%), buying more house than they could afford (2%) or something else (12%).
Four in 10 people with a financial regret said they hadn’t made progress on it in the last year.
And a plurality of people, 45%, said inflation negatively influenced their progress on their financial regrets.
ncG1vNJzZmihlJa1sLrEsKpnm5%2BifK%2Bx1qxmp5mknryvedaoqaWcX5a6pr7InJinq12drrexjJ%2Bgp5memLaiuIyrnKCqlanAbq3NnWSippahrrW1zqdkoqtdncKzwMinnmasmJq2s3nAm6CloaSuerW7jKaYpJ1dpb%2Bws9Geqqxlkpa7rL7ArZxmq6Wnw6bFjKmcq6ufo66tecWipZqmk5rAbrHCqKWopak%3D