Americans and budgeting

Americans agree that budgeting is important but maybe not for them, according to a debt.com 2019 Budgeting Survey. While 97 percent of women believe budgets are needed, only 90 percent of men agree.

Surprisingly, people ages 23-28 thought having a budget was more important (74 percent) than those 39 and older (67 percent). Again, women outnumber men in using a website to organize a budget: 34 percent of women did while only 18 percent of men did.

The top answer to the question, “Why don’t you budget?” at 39 percent, was not enough income to warrant a budget, although 77 percent of people admitted having a budget helped them get out of debt. See the full survey results at debt.com.