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BizReport : Research archives : February 01, 2016

Half of Americans interested in saving, paying down debt

Just a month into the New Year, and a few things are becoming more clear: Americans are divided on the state of the economy, but most are in favor of saving a bit more, and in paying down their debt.

by Kristina Knight

Researchers with The Harris Poll asked more than 2,200 US adults, asking their thoughts about the economy and their fiscal resolutions. According to their findings half (51%) say they expect a downturn in the economy and are focused on cutting back spending while 50% say they expect an upswing in the economy and are focused on saving more.

Other interesting findings from the Harris Poll include:

• 44% of Americans believe the economy will remain the same over the coming year
• 44% who resolved to cut back spending in 2015 say they were successful in that
• 41% say they'll cut back on spending this year
• 21% say they are focused on saving more for retirement

Of those who believe the economy will see an upturn, 50% say they want to pay down debt compared; 35% of those who expect the economy to remain the same say they'll pay down debt and 34% who expect an economic downturn agree.

The poll was conducted between December 9 and 14, 2015 with Americans over the age of 18.

Image via Shutterstock

Tags: consumer saving, consumer trends, Harris Poll, US economy

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