Tag: expenses
Fed Survey Finds Most Consumers Are Happy With Their Finances, Despite Lack Of Retirement Savings
(frankieleon) As the economy continues to bounce back from the Great Recession, consumers have adopted a more optimistic outlook when it comes to their finances despite the fact that a third of the country has no savings put away for the future, according to a new survey from the Federal Reserve. The 2014 Survey of Household Economics and Decisionmaking [PDF] points out that over the past year individuals and families have experienced mild improvements in their overall well-being, leading to an increase in optimism for the long-term. Over the past year, consumers’ feeling about their financial situation has improved. According to the report, which surveyed 5,800 respondents in October 2014, a majority of Americans – about 65{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} – are either “doing okay” or “living comfortably” financially,
