Ever since the Great Recession took hold, the percentage of Americans that prefer to save their money has grown. The post-recession divide between spenders and savers is now bigger than ever, with 62% of Americans saying they enjoy
Before the 2008 crisis, the nation's financial
Gallup says the data, collected in a poll earlier this month, reinforces the deep psychological toll the recession and slow recovery have taken on the American population.
On the other hand, the latest data does show a slight uptick in
"This suggests many Americans no longer feel much of the pressure to save that they felt during the recession," according to Gallup.
Twenty-eight percent of people say they have spent more lately (up from 26% earlier this year) and 30% report unchanged spending habits, as you can see in this chart:
Based on all the data, Gallup concludes that frugality is likely to become the "new, normal pattern." According to survey results, 40% of the people that report spending less in recent months say this pattern will become their norm in years ahead. By contrast, just 12% see the decrease in spending as a temporary change in behavior.