Most Americans would rather ditch social media than their beloved banking apps, Wells Fargo survey says

If you’ve spent a lot of time in the past year looking at your bank account balance, you’re not the only one. Nearly all Americans are rethinking their finances as money anxiety increases, according to a new study from Wells Fargo. 

A survey of more than 3,700 U.S. adults found that 86% of respondents said they made changes in what, where, and how they buy, and two-thirds said they have delayed spending or payments. 

People are looking to take charge over their finances and feel more positive when they sense they’re in control, Emily Irwin, head of private wealth planning at Wells Fargo, told Fortune. 

Meanwhile, 84% said they’d rather give up social media for a year compared to just 16% willing to say goodbye to banking apps from Robinhood, NerdWallet, and traditional financial institutions.

It follows a trend of more Americans trying to be more intentional with their money in a moment when “they feel like their financial lives are messy,” Irwin said. 

“They want to kind of check in on their finances,” she explained. “They want to minimize distractions or minimize temptation—positive ones sometimes—but still temptations, nonetheless. And they want to be able to maintain focus on what their intention for their money is, both short-term and long-term.” 

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