NFCC Study Reveals Americans' Personal Finance Habits
The National Foundation for Credit Counseling, a partner of the U.S. Department of the Treasury's Ready.Save.Grow. campaign, recently released its 2013 Financial Literacy Survey highlighting Americans' attitudes and behaviors related to personal finance.
The survey discovered a number of key insights about Americans’ financial habits, including:
- Overall, 57 percent of Americans are worried about their lack of savings, including 43 percent who are concerned about not having enough "rainy day" savings for an emergency, and 38 percent who are worried about retiring without having enough money set aside.
- Twenty-nine percent say they are now saving more than last year, while nearly 27 percent are now spending more.
- Forty percent gave themselves a grade of C, D, or F on their knowledge of personal finance.
To help raise awareness about the importance of saving, visit the partner section of the Ready.Save.Grow. website for information and tools to help people take control of their future.
Financial Literacy in Action
The Ready.Save.Grow. campaign helped promote the benefits of saving this April during Financial Literacy Month by sharing information with community-based groups about Treasury savings options that can help people build savings and reach financial goals.
Ready.Save.Grow. partners promoted Financial Literacy Month as well. The Corporation for Enterprise Development helped spread the word through a blog post and social media messages, and the Financial Planning Association and Center for Financial Services Innovation shared information with their Twitter followers.
The Ready.Save.Grow. campaign also joined hundreds of nonprofits, community organizations and financial institutions for Money Smart Week from April 20-27. As an official Money Smart Week partner, the Ready.Save.Grow. campaign encouraged Money Smart Week partners across the country to share information about Treasury savings options during their events.