Penny Pennington

Only 16% of Americans Report Feeling Financially Fulfilled

Edward Jones chief executive Penny Pennington and Gallup chief executive Jon Clifton argue that wealth is a poor proxy for how well Americans are living. Drawing on new Edward Jones-Gallup research presented at the Aspen Ideas Festival, they say only 16% of Americans — and 5% of Gen Z — feel financially fulfilled, a measure they define as money aligned with values, positive emotions, agency and confidence about the future. Their case is that financial advice, employers and families need to engage with money as an emotional and relational issue, not only as a matter of income, assets or literacy.