A recent survey shows most Americans regret financial decisions, primarily due to credit card debt and lack of savings. Almost half of participants reported having less than $500 in emergency funds. Experts note that many feel "financially frozen," limiting their ability to plan. Regrets also include making extravagant purchases and not having a solid financial plan when starting a business. Surprisingly, marriage and divorce are significant financial regrets for many respondents, with some wishing they had handled these situations differently.
"Many people regret living above their means and making extravagant purchases when they're young. 'I financed a 1977 Corvette in 1991 because my boyfriend wanted one. I should have invested in a lakefront cottage instead,' one respondent shared."
"46% of Americans said they don't even have $500 saved for emergencies. 'They simply don't have the breathing room to plan beyond their present needs,' said Jennifer Jones Austin, CEO of the Federation of Protestant Welfare Agencies."
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