Tuesday, December 5, 2017

Recession Still Haunting Americans

A decade after the Great Recession, Americans claim that the event had no impact on their lives. But their spending and investing behaviors tell a different story, according to a new survey from Hartford Funds.

According to the survey of 1,006 American adults, 40 percent of respondents said that the financial crisis had no impact on their lives. However, the survey also found that large numbers reported that they avoid the market (42 percent) and have altered their spending and savings habits (46 percent).

The survey also addresses millennials, whose formative years were rocked by the crisis, and finds they have the least amount of trust in the market today. According to the survey, almost half of this age group avoid the market altogether.

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