Save Money Amer­i­cans up­beat about econ­omy, poll shows

The Denver Post - - BUSINESS -

Many Amer­i­cans who said they made fi­nan­cially “re­spon­si­ble” plans in 2015 fol­lowed through, with about 44 per­cent say­ing they cut back on spend­ing, 37 per­cent pay­ing down debt and 21 per­cent mak­ing home im­prove­ments to in­crease the house’s value, ac­cord­ing to Har­ris Poll data out last week. Look­ing into the new year, about 41 per­cent ex­pect to cut house­hold spend­ing, 40 per­cent ex­pect to save more and 29 per­cent will pay down debt.

How­ever, among those polled who ex­pect the U.S. econ­omy to worsen this year, 51 per­cent say they’ll cut back spend­ing. Among peo­ple who felt more con­fi­dent about the econ­omy, 50 per­cent ex­pect to sock more away in sav­ings.

About 57 per­cent of folks who are con­fi­dent the fi­nan­cial con­di­tion of their own house­holds will im­prove next year said they’ll save more.

Westerners were more up­beat about the econ­omy than most other re­gions of the U.S., with 28 per­cent of re­spon­dents ex­pect­ing im­prove­ments, com­pared with 17 per­cent in the Mid­west. The Den­ver Post

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