More Americans Saved For Emergency, Retirement In 2011

To better understand Americans’ spending and saving habits and how they’ve been affected by the weak economy, AARP Bulletin conducted a survey of 1,018 adults over the age of 18. According to the results, more than three quarters of Americans said they are saving more of their money and cutting back on spending. The top two reason cited for changing spending habits were to have more money available for emergencies and to save more for retirement. As for how Americans have been reducing their debt, 75 percent said they limited the number of times they went out to eat, made purchases and took vacations. An additional 73 percent said they were paying cash or debit card rather than using their credit cards. Only 53 percent of adults said they were currently saving for retirement. More here.

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