Americans’ Top 3 Money Fears Heading Into 2026, According to Fidelity
Written by
Gabrielle Olya
Edited by
Molly Sullivan
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Despite a turbulent year, most Americans feel financially stable. A recent Fidelity survey found that 70% of Americans believe they are in a better or similar financial situation than they were at the same time last year. Yet, looming challenges remain.
Here are the top financial fears shaping 2026, plus expert tips to help you prepare.
The Impact of Inflation and Rising Prices
Inflation remains a major concern heading into the new year. Fidelity found that 45% of Americans are worried about rising everyday prices, up from 37% last year. However, there are signs of relief ahead.
“While it’s hard to say for sure what 2026 has in store, there have been some indicators that we might get some relief from the inflation we experienced this year,” Leanna Devinney, market leader at Fidelity Investments, told GOBankingRates. “The USDA, for example, is projecting a slower increase in at-home food costs.”
Still, planning ahead is key.
“The best thing you can do is create a financial plan that can help you navigate whatever comes your way in the new year,” Devinney said. “Planning helps you turn anxiety into action and can give you peace of mind.”
A great first step is reviewing your budget and spending habits.
“Make sure your budget reflects possible rising costs, and define your essential versus nonessential expenses,” Devinney said.
Fidelity recommended spending no more than 60% of your income on essential expenses, like food and housing, and keeping the rest for retirement, savings, nonessential expenses and your emergency fund.
Having To Cover an Unexpected Expense
Nearly 31% of Americans worry about unexpected expenses in the coming year. The best defense is an emergency fund.
“Set aside at least $1,000 to start, then work toward saving enough money to cover three to six months’ worth of essential expenses,” Devinney said.
Knowing you have this cushion for when the unexpected happens will help alleviate some of the stress of the unknown.
“Consider keeping those emergency funds in a money market fund or high-yield savings account so it can earn more, while still being easily accessible in case you need it,” Devinney said.
Increased Healthcare and Insurance Costs
Healthcare and insurance costs are another major concern, with 28% of Americans bracing for higher bills in 2026.
“There’s no one-size-fits-all recommendation for how much you might need to budget, because healthcare costs can vary widely based on your individual plan and the needs of you and your family,” Devinney said. “Generally, you should aim to set aside enough cash to cover your plan’s deductible or out-of-pocket maximum.”
There are a few smart steps you can take to prepare for higher healthcare costs in the new year. Here’s what Devinney recommended:
- Use an HSA if eligible. “HSA contributions offer a triple tax benefit and help you save for current and future healthcare costs,” Devinney said.
- Consider an FSA. If you’re not HSA-eligible, an FSA lets you pay for qualified health costs with pretax dollars. Just watch for “use it or lose it” rules.
- Adjust your budget. Once you know your new premiums or copays, look for ways to cut nonessential spending to offset the increase.
Americans are cautiously optimistic about 2026, but inflation, surprise expenses and healthcare costs remain top worries. By reviewing your budget, building an emergency fund and planning ahead for healthcare costs, you can start the year prepared and confident.
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