SURVEY: ARE YOU A SPENDER OR A SAVER?

Matt Case - January 30th, 2024 - 4:48am PST 

Bankrate Survey Reveals Divergent Views on Saving

NEW YORK, NY - In a recent Bankrate survey, stark differences in Americans' perceptions of their ability to save money for various purposes have come to light. The survey findings indicate that 53% of respondents find it challenging, if not impossible, to save enough money for emergencies, retirement, or any other financial goals. Of those respondents, 44% described it as "somewhat difficult," while an additional 9% characterized it as "impossible" to save adequately.

On the flip side, according to the survey, 47% of respondents believe that saving money is a relatively easy endeavor. This divide in attitudes toward saving money reflects the contrasting perspectives revealed by Bankrate's data, illustrating two distinct narratives: one where saving money appears insurmountable, and another where it is perceived as achievable with relative ease.