Real Financial Progress Index™
We're here to help consumers make real financial progress. Each quarter, the BMO Real Financial Progress Index provides insight into how Americans are feeling about their financial progress, what they spend money on, sources of financial worry, what’s preventing them from reaching their financial goals, and more.
45% feel they’re making real financial progress.
$3,533: the average cost of vacation this summer.
45% cut down on spending throughout the year to afford summer plans.
60% prioritize saving for retirement
58% plan to update or renovate their home this year.
47% cite fear of unknown expenses as a top source of financial anxiety.
We do this all the time!
Since 2018, BMO has provided relevant insights and helpful tips to navigate your financial progress.
Save: create financial stability
I want to save more money for unexpected costs and my next big purchase.
Spend: build better habits
I want to understand how to spend my money in a way that helps me achieve financially stability.
Plan: prepare for the future
I want to be financially prepared for life’s big moments from buying a home to retirement.
Borrow: build better credit
I want to understand the impact of credits & loans and how they might help me achieve my financial goals.
Financial Progress Hub
Understanding your goals empowers you towards making real financial progress.