Older adults saving more, spending less

• 71% — Percentage of adults who have cut back on spending in the past 12 months; 28 percent have started saving more.
• 86% — Percentage of adults who have changed their spending and saving habits so they’ll have more money in an emergency; 61 percent of adults over 50 identified this as a major reason for changing their habits.
• 53% — Percentage of older adults who say having more money for retirement is a major reason for changing their spending habits.
• 44% — Percentage of adults over 50 who are saving for retirement, compared with 57 percent of their younger counterparts.

Source: AARP