Published:
Huntington Survey Finds Consumers are Making Financial Resolutions for the New Year
COLUMBUS, Ohio, Jan. 5 /PRNewswire/ -- A new survey conducted by
Huntington Bank shows that an overwhelming 73 percent of consumers feel
they've been personally affected by the economic downturn and they're willing
to make some financial New Year's resolutions to make up for it.
The online opinion survey, conducted from December 1 through December 15,
found that of the respondents who planned on making a resolution for 2009,
"Sticking to a budget," was the No. 1 response with 62 percent of votes.
Paying off credit card debt (58 percent) and investing more money (31 percent)
round out the top three resolutions for 2009.
Of the consumers who made a financial New Year's resolution last year, the
majority (60 percent) said they did not accomplish their goals. In fact, more
than 57 percent of respondents say that not saving enough money is the biggest
financial mistake they've made over the past five years. Forty-four percent
said that buying a house was their biggest accomplishment over the same time
frame.
When it comes to saving money, 61 percent of respondents said they save on
a regular basis. Of those respondents, 32 percent have saved 2 percent or less
of their annual household income over the last five years. Twenty-two percent
said they have saved between three and five percent, and 21 percent said
they've saved between five and 10 percent. The top reasons for not saving on a
regular basis were living paycheck to paycheck (71 percent) and credit card
debt (51 percent).
"Consumers have been faced with financial challenges this year, and
considering those ups and downs we've seen during the last several months, we
want to make sure consumers know we can help," said Mary Navarro,Huntington's
regional banking group president. "We, atHuntington, are happy to see that
consumers are thinking about their future financial goals and we're here to
help them take the right steps to accomplish those goals."
For complete survey results, contact Jeri Grier
(jeri.grier@huntington.com) or 614-480-5413.
Survey Methodology
Huntington Bank contacted 745 U.S. adults via an online survey from
December 1 through December 15, 2008. Respondents represented states
throughout the Midwest and were restricted to completing only one survey each.
AboutHuntington
Huntington Bancshares Incorporated is a $55 billion regional bank holding
company headquartered inColumbus, Ohio.Huntington has more than 142 years of
serving the financial needs of its customers.Huntington's banking subsidiary,
The Huntington National Bank, provides innovative retail and commercial
financial products and services through over 600 regional banking offices in
Indiana,Kentucky,Michigan,Ohio,Pennsylvania, andWest Virginia.Huntington
also offers retail and commercial financial services online at huntington.com;
through its technologically advanced, 24-hour telephone bank; and through its
network of almost 1,400 ATMs. Selected financial service activities are also
conducted in other states including: Auto Finance & Dealer Services offices in
Arizona,Florida,Nevada,New Jersey,New York,Tennessee, andTexas; Private
Financial and Capital Markets Group offices inFlorida; and Mortgage Banking
offices inMaryland andNew Jersey. Huntington Insurance offers retail and
commercial insurance agency services inOhio,Pennsylvania,Michigan,Indiana,
andWest Virginia. International banking services are made available through
the headquarters office inColumbus, a limited purpose office located in the
Cayman Islands, and another located inHong Kong.
SOURCE Huntington Bancshares Incorporated
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
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