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But Democrats have more of a pessimistic view when it comes to their financial future, as well as the country’s. On the heals of President Donald Trump’s inauguration, most Democrats surveyed (53 percent) predict a decline in the country’s general finances over the next for years while the lion’s share of Republicans (77 percent) foresee an uptick.
“While it is good to be optimistic about the economy and your personal financial situation, you should always be prepared for changes,” said Rod Griffin, director of Public Education at Experian. “The beginning of the year is a great time to review your finances and budget, check your credit score and credit report, and create a plan to reach your financial goals.”
Even though the majority of Americans feel good about their financial outlook, they plan to make some changes.
- 43 percent plan to get a better-paying job
- 43 percent plan to increase overall savings
- 39 percent plan to decrease spending
- 33 percent plan to pay off outstanding debt and loans
And when ranking their top financial goals, saving more was the No. 1 choice for 41 percent of the respondents.
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