Consumers Take Charge of Finances, Rise Above Economy
ENGLEWOOD, Colo., May 17, 2010 (BUSINESS WIRE) -- Consumers have taken financial matters into their own hands, implementing proactive spending and mortgage management strategies to steer their budget clear of the economic crisis.
These newly-released findings come from the Western Union(R) Global Business Payments Money Mindset Index, a national survey of 3,000 consumers, which found that 78 percent of respondents expected their financial situation to improve or remain unchanged over the next six months.
The survey paints a portrait of U.S. consumers learning to cut back on their spending (73 percent of respondents) switching to bargain retailers such as Target or Wal-Mart (61 percent) and creating a budget (39 percent) to ensure their spending stays on track. These behaviors, coupled with the respondents' proactive approach to mortgage payments, paint a picture of a positive money management behavior.
