January 9th, 202046342A significant portion of Georgians – like most Americans – will resolve to better their finances in the new year.
In a survey of almost 2,000 Georgians conducted by the League of Southeastern Credit Unions & Affiliates, almost half of respondents – 46.7% – indicated they make new year’s resolutions. Almost 38% of those resolve to better their finances in some way.
These statewide statistics closely mirror national trends. A survey of 2,011 Americans conducted by Ipsos for Urban Plates in November found that 38% intended to make a new year’s resolution for 2020. Of those, more than half – 51% – noted their goals...
October 21st, 2019111318Georgians are spending a significant chunk of change on household energy costs – yet most have not performed an annual energy audit to evaluate for potential saving opportunities.
In a survey of more than 2,000 Georgians conducted by The League of Southeastern Credit Unions & Affiliates, the majority of respondents – about 85 percent – said they spend between $1,000 and $3,000 per year in household energy expenses.
This range mirrors the national trends. Each household in the U.S. uses an average of 77.1 British thermal units (Btus) each year, costing each household about $1,856 per year, according to the U.S. Energy...
July 9th, 201951505
Georgians may not be planning to spend as much as the national average on back-to-school shopping this year – but that doesn’t mean the supply run will be cheap.
According to a Deloitte Back-to-School survey, back-to-school season has become the second biggest shopping season of the year in the U.S. American households were expected to spend about $27.6 billion on clothes and supplies for the new school year in 2018.
In a Georgia Credit Union Affiliates survey featuring more than 2,000 respondents, about 900 Georgians reported they’d be back-to-school shopping for the 2019-2020 school year. Of those respondents, the majority...
June 11th, 201927341
Georgians may not have a clear grasp of the prevalence of financial exploitation and abuse of elderly adults.
In a survey of more than 3,000 Georgians by Georgia Credit Union Affiliates, the trade organization for credit unions in the state, the majority of respondents – about 77 percent – say they’ve never known an elderly person who has been the victim of some kind of elderly abuse.
But that’s unlikely given statewide and national trends.
As adults age, cognitive abilities may begin to decline,leaving them with a need for help with daily activities. This helplessness can make the elderly easy targets for criminals...
May 7th, 201929235
It’s not uncommon for Georgia couples to stress about money.
According to a poll of more than 3,000 Georgians conducted by Georgia Credit Union Affiliates, the trade organization for credit unions in the state, about 42 percent of respondents said finances have been a cause of stress in their romantic relationships.
Georgians aren’t alone in that predicament. According to a study published in the scientific journal Couple and Family Psychology: Research and Practice, 50 percent of divorced couples interviewed listed financial problems as a major factor that contributed to their divorce. That puts financial problems third on a...
April 8th, 201970178
Not all Georgians feel the strain of poor financial understanding, but as a whole, the state’s financial literacy could use improvement.
According to the National Center for Education Statistics, the United States does not excel in financial literacy. The latest available data from the center’s Program for International Student Assessment shows that the average 15-year-old in the United States tends to score lower on a financial literacy assessment than the average teen in China, Belgium, Canada, Russia, the Netherlands and Australia.
Georgia isn’t the worst of the states when it comes to financial literacy – but it’s not...
March 4th, 201931139
On average, Georgians consider themselves adept at protecting their personal information – but research suggests that may not be enough to keep identity thieves at bay.
According to a Georgia Credit Union Affiliates survey featuring about 3,400 respondents, about 85 percent consider themselves to be well-informed consumers when it comes to protecting themselves from identity theft.
That fits with the national trend. Across the U.S.,consumers have become increasingly aware that their personal information needs protecting. Since stories about data breaches have become a regular part of the news cycle after the Equifax breach, the...
February 1st, 201928175
Georgians, like most Americans, entered 2019 hoping to better their finances – but many have likely already fallen off track.
In a Georgia Credit Union Affiliates survey of more than 3,000 Georgians, 52 percent said their new year’s resolution was to get on a budget.
That statistic isn’t surprising; many Americans looked critically at their financial situations as they headed into 2019. Statista, a platform providing statistical data on a variety of topics, polled 2,000 people about their New Year’s resolutions in early January. The survey found financial goals were the fourth most popular New Year’s resolutions, falling...
January 9th, 201928223
Georgians have a clearer concept of taxes than the average American, but there’s still confusion in the Peach State as the country moves forward with its new tax laws.
A survey of 3,398 Georgians conducted by Georgia Credit Union Affiliates, the state trade association, found that the majority of respondents, 69 percent, know how much they pay in income taxes each year. But 30 percent of respondents admitted they haven’t been paying attention to how much they pay.
Those respondents more closely resemble the average American. A recent Nerd Wallet study found that almost half – 48 percent – of Americans don’t know in which...
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