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Here are the most common financial regrets Americans have: ‘I should have invested in a lakefront cottage instead’

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Here are the most common financial regrets Americans have: ‘I should have invested in a lakefront cottage instead’

Considering half of Americans feel “financially frozen,” it’s no surprise that many people have regrets about some of their financial decisions — and are now unfortunately paying the price for it.

A new survey conducted by Talker Research on behalf of Newsweek, revealed that the No. 1 thing US people regret is overusing their credit cards and accumulating severe debt.

Experts say these financial regrets Americans have are common. NINENII – stock.adobe.com
Accumulating credit card debt is easier than most people realize. Rido – stock.adobe.com

Out of the 1,000 Americans who took part in the survey, many admitted that they didn’t realize how long it could take to pay off debt — considering it’s very easy for it to pile up.

Many others wish they took their savings more seriously — especially for retirement and for rainy days.

According to the National True Cost of Living Coalition, 46% of Americans said they don’t even have $500 saved for emergencies.

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“They simply don’t have the breathing room to plan beyond their present needs,” Jennifer Jones Austin, CEO of the Federation of Protestant Welfare Agencies and co-chair of the National True Cost of Living Coalition, told Fox Business.

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, according to Newsweek.

“Wasted money on needless things,” read another response.

Other regrets include starting a business without a proper plan and selling investments too early.

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And a financial regret that might be a surprise for some is marriage and divorce.

Many said that marriage and divorce are their biggest financial regrets. LIGHTFIELD STUDIOS – stock.adobe.com

One respondent regrets getting married at a young age, while another regrets “Not asking for more during divorce proceedings.”

However, even single people are struggling financially.

According to Zillow, the “singles tax” — the higher costs that single people pay to support themselves — recently rose to over $7,000.

47% of single women admitted that living just on their income causes them a lot of stress.

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Overall, experts say these financial regrets are common.

“Even if we are advised against something, it’s often times in our nature to not take notice and be a little heedless, until after the fact. We know we should not overspend in our youth but sometimes we have to learn that the hard way,” Adem Selita, co-founder and CEO of The Debt Relief Company, told Newsweek.

“You can avoid common financial mistakes by trying to find a happy middle ground in your life. If we refrain from doing things in excess—in all aspects of life—it tends to help even us out and keep us out of trouble,” Selita told the outlet.

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Building a scalable finance function at Coca-Cola Europacific Partners

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Building a scalable finance function at Coca-Cola Europacific Partners

Implementing the “Future of Finance Academy”

KPMG in the UK worked with CCEP to co-create a comprehensive learning program for senior managers and associate directors in its finance function. We began by developing a strong understanding of the unique business context in which the company and its finance team operate.

This also helped us determine the best mode of delivery for its globally distributed finance function and identify opportunities to stretch CCEP’s ambitions further.

For example, the KPMG team proposed turning the final module of the course into a showcase presentation. Trainees applied what they had learned to real business challenges and presented their solutions to the board in a business pitch-style competition. Although this added to finance leaders’ already demanding workload, it proved to be one of the course’s most successful elements, enabling participants to put their new skills into practice.

Before work on the Academy began, KPMG developed a detailed plan setting out how the two teams would work together, ensure consistency across the learning modules, maintain quality assurance, and manage changes to scope.

KPMG professionals then collaborated closely with CCEP to co-create bespoke learning content, with CCEP’s senior finance leaders acting as subject matter experts alongside our own finance specialists. 

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Bangladesh Says $300 Billion Climate Finance Goal Falls Short, Calls for More Support

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Bangladesh Says 0 Billion Climate Finance Goal Falls Short, Calls for More Support
DHAKA, June 23 (Reuters) – Bangladesh called on ⁠Tuesday ⁠for more funds and ⁠faster support for developing countries facing escalating threats from climate change, saying the global climate financing goal of $300 billion per ‌year fell short of ‌their needs. Speaking at the World Economic Forum’s …
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EU and Hong Kong in talks on new financial services dialogue, envoy says

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EU and Hong Kong in talks on new financial services dialogue, envoy says

Senior officials from the European Union and Hong Kong are in talks to launch a financial services dialogue, with companies from the bloc keen to explore opportunities in the Northern Metropolis, its top representative in the city has said.

Ambassador Harvey Rouse, head of the EU Office in Hong Kong, made the remarks at the Greenway 2026 forum on Tuesday, where he highlighted opportunities for cooperation on sustainable innovation and the green transition.

In a keynote address, Rouse said Hong Kong had established itself as one of Asia’s leading centres for green and sustainable finance, and that, as “two of the world’s leaders” in this field, both sides had an opportunity to deepen cooperation.

“Indeed, this cooperation is already under way,” he said.

“Senior exchanges between Hong Kong and the European Commission have intensified over the past year with visits of EU officials to Hong Kong and vice versa. Both sides are looking at starting soon a financial services dialogue to enhance cooperation.”

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Rouse said European firms could also provide investment and expertise to support Hong Kong’s green transition.

“This is particularly relevant as Hong Kong develops the Northern Metropolis,” he said, referring to the city’s 30,000-hectare (74,131-acre) megaproject near the border with mainland China.

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