Many Pull Back On Holiday Spending As Financial Security Lags
"These results illustrate that the fiscal cliff was hardly the only headwind impacting the U.S. economy," said
- Americans' sentiment regarding their job security, savings, net worth and overall financial situation all posted increases over the past month. Job security and net worth have improved relative to one year ago.
- Higher-income and more educated households were the most inclined to report higher net worth than one year ago.
- The reading on Americans' comfort level with debt was unchanged from one month ago.
- Savings remains a sore spot: more than one-third of Americans are less comfortable with their savings now compared to 12 months ago, but just 13% are more comfortable. This disparity is evident across all age and income brackets.
Bankrateasked the same holiday spending question one year ago, 24% of Americans spent less than expected and 17% spent more. Two years ago, 27% spent less than expected and 19% spent more.
The new survey was conducted by
PSRAI obtained telephone interviews with a nationally representative sample of 1,003 adults living in the continental
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