Consumers Moving From Scared to Prepared
Investors have taken positive steps with their finances following the Great Recession.
Investors have taken positive steps with their finances following the Great Recession and are feeling more confident, according to the Fidelity Five Years Later Report.
The study reveals that 56% of consumers changed from being scared or confused to confident or prepared—"scared to prepared," the survey reports. Among the steps these investors took:
- Increased their retirement savings;
- Reduced their debt loads compared with five years ago;
- Started or built up emergency savings funds;
- Searched for guaranteed income options.