Chartway Credit Union recently commissioned a research study to identify current trends in Americans’ saving and spending habits and to understand how individuals feel about their ability to responsibly manage their finances. OnePoll, a member of the Market Research Society and the American Association for Public Opinion Research, collected data through a random online survey of 2,000 Americans between December 21, 2022 and January 3, 2023.

Overall, findings indicate that “adulting” isn’t easy in today’s America, with over a third of millennials still having at least one bill on their parents' tab. Rent, groceries, and utilities top the list of expenses covered by mom and dad. Interestingly, almost three-quarters of these respondents say they plan to take on their bills themselves within the next two years.

The survey also found that American’s perceive having a good credit score, a lack of debt, and a healthy savings account as top indicators of financial responsibility. Brian Schools, president & CEO of Chartway, said of the findings: “While 85% of respondents see themselves as financially responsible when it comes to things like credit scores or savings, ironically, 50% of them struggle with unnecessary spending or unbudgeted expenses, and 40% struggle to remember to pay bills on time. Conflicting data like this tells us that many more adults would benefit from financial education.”

Financial institutions provide numerous resources to help with effective planning and closing the gap between an individual’s perception of responsibility and what it really takes for them to save, spend, and borrow wisely. Chartway offers customized learning to members, communities, and the public at-large through their financial wellness center on their website, For members, the website has even more tools available, and the added benefit of one-on-one counseling opportunities with certified team members.

About Chartway & its Chartway Promise Foundation

Since 1959, Chartway has been unlocking the potential of individuals and families so they can thrive. Member-owned and values-driven, our $2.6 billion credit union proudly serves more than 200,000 members with branches in Utah, Texas, and Virginia. We’ve been recognized by Forbes as one of America’s Best-In-State Credit Unions in 2022, included on American Banker’s Top Credit Union to Work For 2022 list, and received numerous other top workplace and best credit union accolades. Reflecting a bright way forward, our charitable arm – the Chartway Promise Foundation – has raised nearly $14 million to bring joy, hope, and smiles to children facing medical hardship or illness. For information on our vibrant organization, please visit and follow us on Facebook, Twitter, and Instagram.