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Many Americans report that they are still struggling to save
Many Americans report that they are still struggling to save but they are optimistic about their current financial future according to MassMutual’s Consumer Spending & Saving Index. The index tracks financial outlooks and behaviors in this changing economic environment caused by the COVID-19 pandemic and it found “more than half of the respondents had to dip into their savings over the last three months, and more than one-quarter had to withdraw $1,000 or more from savings accounts. However, “among those who have been able to save, a rainy-day fund (46 percent) and retirement (39 percent) top the list of savings priorities.” To read more results of this survey, click here…
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