Here's One Thing 60% of Americans Are Doing Right

Here's One Thing 60% of Americans Are Doing Right

When we read about consumer spending and saving habits, the news tends to lean toward the negative. Case in point: Earlier this year, I had to report that 57% of Americans have less than $1,000 in savings, while 39% have no savings at all.

It's therefore encouraging to get a piece of good news for a change: Apparently, 60% of Americans are making a conscious decision to limit their monthly spending. The reason? They're looking to increase their savings. That's the latest from a Bankrate study, which also found that 74% of younger workers aged 18 to 26 are acknowledging that they need to start putting more money away.

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Source: Fool.com