Accounting Principals New Release (01/30/12)
Most Americans will be cautious with their money in 2012 and focus on their personal short-term financial recovery rather than long term investments, according to the recent Workonomix survey by the finance and accounting staffing firm Accounting Principals. Only 27% of workers plan to put money away in an emergency savings fund and only 23% plan to contribute more to their company’s 401(k) plan.
“Following the recession, it’s not surprising to see that many American workers are allocating their income toward paying down their debt. With the economy continuing its slow recovery, it’s clear that consumers are focused on gaining financial stability in the short term before turning their attention to investments with longer term benefits,” says Jodi Chavez, senior vice president at Accounting Principals.