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Financial Planning > Behavioral Finance

Country: Consumers Saving Less

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U.S. consumers report that they are feeling gloomier about the economy and having more trouble setting aside money for savings and investments.

Country Financial, Bloomington, Ill., has reported that finding in a summary of results from a telephone survey of 3,000 U.S. adults that was conducted earlier this month.

The percentage of survey participants who rated their overall financial security as excellent or good fell to 34%, down from 39% in August 2010.

The percentage who said they were able to save or invest fell to 42%, from 43%, and the percentage who said they were very confident ability to pay bills when bills come due fell to 43%, from 45%.