Infographic: Financial crisis inspired better money habits
By Kristin McGrath and Juan Rodriguez
The financial crisis that started in 2007 may have forced many investors to learn things the hard way, according to research from Fidelity Investments. According to an April 2013 study called "Five Years Later," the losses and hardship investors faced during the recession has inspired them to make positive behavior changes when it comes to money.
In 2008, 64 percent of investors described themselves as "scared and confused." However, more than half of them (56 percent) describe themselves as "prepared and confident" today.
The reasons for this change in outlook? Nearly three-quarters (72 percent) repaid debt, 42 percent increased their emergency savings and 88 percent understand their finances better than they did before the downturn.
To use the graphic on your site, use the following code:
Published: April 30, 2013
- Credit card debt down across the board – Regardless of age, education or income, we dropped debt ...
- Infographic: Online banking still tops, but mobile surges – Nearly 60 percent of Americans used mobile banking at least once per month ...
- Infographic: Credit card use among the college set – Two-thirds of college students have a credit card, and most are using their cards regularly, according to data from Equifax ...