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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> mortgage crisis

Americans are suffering from 'frugal fatigue,' NFCC says

Posted by RJ and Makay on Feb 10, 2011

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getting olderInteresting poll finding from the National Foundation for Credit Counseling (NFCC): 66% of Americans say they have 'frugal fatigue.' That is, they're tired of pinching pennies.

However, penny pinching appears to be the only option for most people these days. Just 5% of those polled have decided to start spending more. Eight percent haven't changed their spending habits in recent years. The remaining 21% have and they said the changes were both positive and permanent, NFCC reports.