Health is the new wealth heading into the New Year, especially in the US.
A recent survey by Statista indicated that Americans are focused on getting healthier and saving money in 2023.
The Statista Global Consumer Survey reports more than half of Americans plan to eat healthier and exercise more in 2023.
Exercising more, eating healthier, and losing weight were the top three most common New Year’s Resolutions among American respondents. Saving money (39 percent) and spending more time with family and friends (37 percent) were also among the top resolutions for 2023.
Here are the main highlights from the survey:
- Healthy living tops list of New Year’s resolutions for Americans
- 39% of Americans vow to save more money in 2023, up 62.5% YoY
- 20% of Americans plan to spend less time on social media
It appears the effects of the pandemic are starting to weigh on Americans heading into the New Year.
The top three New Year’s resolutions among Americans are centered around making healthier lifestyle choices in 2023.
According to the Statista Global Consumer Survey, 52 percent of Americans are pledging to exercise more beginning January 1, up 8 percent year over year.
Half of Americans (50 percent) also promised to eat healthier in 2023, up 13.6 percent from a year ago. Last year, Statista found that only 44 percent of Americans expected to make eating healthier one of their New Year’s resolutions.
The survey revealed that 40 percent of Americans wanted to commit themselves to losing weight in 2023, which ranked third on the list.
Following a year marked by high inflation, rising interest rates, and a sharp downturn in the stock market, more Americans are promising to save more money in 2023.
According to Statista, 39 percent of Americans are planning to save more money in 2023.
That number is up a staggering 62.5 percent from a year ago, when Statista found that only 24 percent of Americans planned to make living more economically one of their New Year’s resolutions.
In addition to saving more, 19 percent of Americans will make resolutions to reduce spending on living expenses in 2023.
If Americans stick to their New Year’s resolutions, it could mark another difficult year for retailers and small businesses.
With Americans looking to reduce their living expenses and save more money, consumer spending could take another hit in 2023, as households have less discretionary income to spend on non-essential items.
As people continue to recover from the effects of the pandemic, more Americans are changing the way that they spend their time.
While Americans may not be spending as much money in 2023, they are pledging to spend more time with their family and friends and less time on their phones.
In fact, 37 percent of Americans are promising to spend more time with family and friends as part of their New Year’s resolutions in 2023.
That coincides with a reduction in time spent on social media.
20 percent of Americans plan to make a New Year’s resolution to spend less time on social media in 2023.