While Americans are clamoring for the U.S. government to get its financial house in order (avoiding the looming fiscal cliff and fixing high unemployment), on a personal level they admit to being guilty of their own bad financial habits. The same could probably be said of caloric consumption and obesity rates.
A new survey from Allianz Life finds that when asked about their worst financial habits, nearly a third of respondents (30%) said “not saving any money” and 18% said “spending more than I make,” the same type of financial miscues the company claims have put the government’s finances in jeopardy.
“Americans want Uncle Sam to address the economic issues that are affecting the country’s finances, yet it’s troubling that they’re guilty of many of the same poor spending and savings habits themselves,” Katie Libbe, vice president of Consumer Insights for Allianz Life, said in a statement. “It’s our hope that discussion about these topics will prompt more Americans to take action to secure their own financial future.”