SunTrust: Record Milestone Reached to Reduce Financial Stress in America as "The onUp Movement" Surpasses Five Million Participants
"From building a budget, to tracking spending and starting a savings plan, we are seeing Americans work to gain greater control over money matters," said
According to the SunTrust National Financial Confidence Poll, one-third of Americans (34%) feel they are living paycheck to paycheck, 79% report experiencing financial stress in the previous six months, and about half (49%) do not have
SunTrust unveiled The onUp Movement with a Super Bowl ad that shed light on the burden of financial stress for Americans and introduced a series of actions and tools on onUp.com to help people take the first step toward financial confidence. In addition to online resources, SunTrust has advanced financial wellness through support of Operation HOPE counselors in select branch locations; provided financial wellness workshops through employee volunteer efforts and offered a not-for-profit workplace financial wellness program, Momentum onUp, to other companies.
"Our Momentum onUp workplace program is now used by more than 200 companies to improve the financial stability of their employees," said
"More important than the number of participants is what this milestone represents – that people are beginning to take action to build financial confidence," said
Across all income levels, SunTrust research shows that Americans with high financial confidence also practice behaviors to actively manage their money – such as using a budget, managing debt, saving regularly, maximizing their income and planning for retirement. onUp participants are encouraged to take steps to adopt one or more of those behaviors, and participants that have seen success say that taking control of their finances makes them feel empowered, in control and confident.
"I feel more confident than ever with my finances. Changing how I view my spending habits has put me in the position to have choices, and it helped me realize that my dream of moving to the beach was within my reach," said
For tips, tools and inspiration to gain financial confidence, join The onUp Movement at onUp.com.
SunTrust National Financial Confidence Poll
The SunTrust National Financial Confidence Poll is fielded quarterly and representative of the U.S. adult population with participating Americans of different ages, incomes and geographic regions. Statistics referenced in this release are from the poll fielded in Q2 2019.
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