investing
Women altering spending habits since downturnPosted by RJ and Makay on Oct 17, 2011 |
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The economic downturn has profoundly affected the financial habits of women, with more than 50% saying that their spending and savings habits had changed forever, according to a Citibank Economic Pulse survey. 71% of American women believe that the downturn has not hit bottom yet, though 61% say they remain somewhat or very optimistic about their personal situation in the coming year.
Pessimism about investing in the financial markets is running high, according to a recent Gallup Poll commissioned by Wells Fargo bank. While persistent unemployment, high energy prices and the budget deficit are weighing on the investment attitudes of both workers and retirees, the mood is particularly sour for workers.
Morgan Stanley Smith Barney (MSSB) has hired Jeff Hack from J.P. Morgan Chase as its chief operating officer in one of several organizational changes announced by company president Gregory Fleming.
