How to shed debt and start 2023 on the right financial foot

A large share of Americans say one of their top financial resolutions is to pay off burdensome debt in 2023. 

Of the Americans who plan to make a financial resolution this year, 32% say they want to reduce their debt loads, according to a study from Fidelity Investments. That goes hand in hand with 39% who say they want to save more, and 28% who want to spend less, according to the survey. 

Another survey from The Ascent found that of the two-thirds of Americans who plan to make a financial resolution for the new year, 53% say paying off debt is their top goal.