Tuesday, July 12, 2011

"Was the recession a good thing?"

NEW YORK (CNN) --" The Great Recession had many lasting negative effects -- high unemployment, falling home prices, stunted growth -- just to name a few. But the news isn't all bad.The majority of Americans feel that the past few years provided a much-needed financial wake-up call, a new study shows.
Eight out of ten people surveyed say they now exercise more caution with their finances and "learned important lessons regarding savings, investing, and preparing for retirement," according to a joint study released Tuesday by AgeWave and SunAmerica Financial Group.

"In a very interesting way, [the recession] jolted the American public to think more seriously about their future and forced them to course-correct their savings and debt approach," said Ken Dychtwald"
http://money.cnn.com/2011/07/12/pf/recession_saving_habits/index.htm?iid=HP_LN

Thanks for nothing???
D

No comments: