Experts discuss popular New Year's resolutions for 2025, emphasizing saving money and improving health as top priorities. The text also touches on the challenges of keeping resolutions and the potential impact of inflation on consumer spending.
If you haven't made your New Year's resolutions, some experts are discussing which are the popular ones and recommending ideas. Experts say January can be a good time to reflect on self-improvement, but acknowledge it takes work to make resolutions stick.Studies have shown that up to 70% of people who make New Year’s resolutions abandon those good intentions within months.
Here are some popular resolutions and tips:The Fed has cut interest rates three times in 2024, but has signaled a more cautious approach heading into 2025 amid stubborn inflation and worries about it reheating.RELATED: Y2K: 4 things people thought would happen on New Year’s 25 years agoThe latest report on consumer prices showed that inflation edged slightly higher, to 2.7%, in November.Worries about the potential for inflation reigniting have been further fueled by tariff threats from incoming President Donald Trump. Companies typically pass along the higher costs from tariffs on goods and raw materials to consumers.Experts say many people are focusing on their finances as we head into 2025. 'The number one thing that consumers are saying for New Year's resolutions, not surprising, is to save money,' FOX host Jeane Franseen told LiveNOW. 'Forty-five percent of Americans have that as their number one goal for next year is to save money, which interestingly, is not necessarily a good thing for the economy as far as spending goes, but it's probably smart.'Focusing on what the resolution is helping you to accomplish — rather than what you’re being deprived of — can be a powerful way to reframe your thinking, experts said. 'I think people are really focusing on the outcome to be happy,' Franseen added. RELATED: New Year's Eve fireworks from around the world: LIVE'The next on the list is what you would say is the kind of the traditional--exercise, eat healthier…try to get some rest,' she continued. Psychologist Lynn Bufka suggests being realistic about any resolution
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