People Aren’t Meeting Savings Goals

A survey by Scottrade also found fewer people are using saving tactics like coupons and comparison shopping than six months ago.

Read These Next

Better Investing

Trading company Scottrade says people aren’t saving as much as they admit they should.

A new survey of 1,000 people found “that while more than 60 percent of Americans recommend saving between 6 and 19 percent of their income annually for retirement, less than a third actually do.” It also found Americans spend more than a fifth of their income on mortgages and debt.

The survey was a follow-up to an annual one in January, so findings can be compared. And they show that more people are using smart saving strategies than in January 2011, but fewer than six months ago.

Actions Americans are Taking to Reduce Financial Stress
January 2011 January 2012 June 2012
Spending Less 63% 69% 64%
Using Coupons 59% 67% 60%
Comparison Shopping 58% 65% 61%

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Read These Next

Comments

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,611 more deals!