Alcohol and New Yorkers’ Financial Decisions: A Candid Look

We all know that making financial decisions can feel like a rollercoaster ride of stress and uncertainty. But guess what? Some of us (1 in 4 to be exact) are reaching for a bottle of liquid courage when the money talks get tough.

Alcohol and Money Don't Always Mix

A survey by CardRates.com  found that 24% of us in the Empire State turn to alcohol when we're looking to make big financial choices. Yes, almost  a quarter of New Yorkers  grab a drink when faced with those wallet-wringing moments.

Why We're Reaching for the Bottle

When the weight of financial decisions feels like a ton of bricks, over half of us look to chill out and reduce our feelings of stress by reaching for a cold one. Some people also use alcohol to toast their money move and celebrate their financial win by hoisting a frosty one.

Regrets and Revelations

However, that feeling of joy that we feel when making a monetary decision doesn't always last long. In fact, 41% of us have looked back on our financial decision while under the influence with regret. While most of us admit that knocking back a few can cloud our judgment, nearly 1 in 5 think it actually helps them make better money moves.

A Sobering Thought

It seems that when it comes to money matters in the city that never sleeps, a clear head might lead to clearer bank accounts. So, next time you find yourself at a financial crossroads, think about reaching for a different kind of 'liquid." After all, the path to a firm financial future might be paved with a little less booze and a little more clarity.