Consumers Worry About Not Saving Enough - Other News

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Consumers Worry About Not Saving Enough

Consumers Worry About Not Saving Enough

Add to Favorites:
Consumers Worry About Not Saving Enough

When it comes to spending and saving money, actions don’t always line up with attitudes.  The Chase Blueprint Pulse of the Consumer Survey, which asked consumers about their financial habits and concerns, revealed that although many people are worried about whether or not they have sufficient savings, less than half of them are making regular contributions to those accounts.


When it comes to savings, 68% percent of survey respondents said that they were worried about not having enough money in savings, yet only 41% were being proactive about growing their savings accounts through regular contributions.

Other major money concerns were healthcare costs and retirement funds. When asked about their biggest financial worries, two-thirds of respondents named healthcare expenses as a major concern and 61% cited retirement savings as an anxiety producer.

Money management

To combat those concerns, people are making inroads towards managing their money better. In an effort to reduce their debt, 55% of those surveyed report they are paying off credit cards faster than in previous years. Forty-eight percent of survey participants have created a monthly budget to get their spending under control.

Overall, people felt that their own finances, as well as the economy, were either stable or getting better. Seventy-one percent said their personal finances are improving.

Spending is up

Spending on food, gas, and housing was up over last year, a continued sign of economic recovery. Thirty-nine percent say they are spending more on food, 31% report increased spending on gas, and 16% are paying more for housing this year. Overall, 45% of folks say their spending is the same or higher than it was before the recession.

Chase surveyed 1,005 adults between June 11 and 18, 2013. For more information, go to the bank’s Resource Center for Mindful Spending.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Gaps in Consumer Credit Knowledge
Gaps in Consumer Credit Knowledge

Posted: April 01, 2015

While Americans know just how important credit is in helping them meet their financial goals, many don't know their current credit score or how their daily decisions factor into having a healthy score or one that needs improvement,... Continue reading
Credit Options Play Key Role in Shopping for Big-Ticket Items
Credit Options Play Key Role in Shopping for Big-Ticket Items

Posted: July 17, 2013

Credit cards and loyalty programs influence people making major purchases, according to a study of consumer shopping habits. Continue reading
American Express: Summer Is Going to Cost You if You Have Kids
American Express: Summer Is Going to Cost You if You Have Kids

Posted: July 23, 2013

Parents to spend billions this summer on everything from education to fun, according to the most recent AmEx Tracker. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit