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More people feel physically than fiscally fit, survey shows

Consumer Reports News: June 13, 2012 03:38 PM

American workers are significantly more likely to rate themselves as physically healthy than financially healthy, according to a new study from the Principal Financial Group.

According to the survey, 53 percent said they considered themselves physically healthy, while only 31 percent thought of themselves as fiscally healthy. In addition, most survey responders recognized the link between physical and financial wellness, with 84 percent viewing physical health as an investment in their financial future.

The Principal Financial Well-Being Index surveyed American workers at growing businesses with 10 to 1,000 workers, and was conducted by Harris Interactive.

According to the survey, 69 percent also said it was either extremely important or very important for them to remain physically healthy in order to avoid major health expenditures later in life.

If you're one of those Americans who considers themselves more physically than fiscally fit, perhaps guidance from a professional could help. If you need professional help with your finances, we've long recommended using a fee-only financial planner to avoid conflicts of interest. See What to expect from a financial planner and how to find a good one. Plus Five savings strategies and five other tricks and traps to avoid when investing.

And to keep up your physique, check out our Exercise & Fitness hub for total-body workouts and the latest product ratings.

Source:
Americans Feel More Physically Fit than Fiscally Fit, Survey Shows (pdf) [Principal Financial]

Maggie Shader

   

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