What Will Phoenix Residents Do for Financial Security in the Long Run? Hint: They Won’t Cut Back on Discretionary Spending

By Newsroom America Feeds at 4 Dec 2017


December 4, 2017, 9:00 am EST

What Will Phoenix Residents Do for Financial Security in the Long Run? Hint: They Won’t Cut Back on Discretionary Spending

While Phoenix-area residents were most likely to say they are knowledgeable about the Great Recession (49 percent) compared to those who live in other cities, it doesn’t mean they are willing to cut back on spending to save for the future. In fact, they are the least likely of those surveyed nationally to cut back on going out (30 percent versus 39 percent nationally) or delay buying a home (9 percent versus 18 percent nationally) to save money for the long run.


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