News Summary: Financial savvy grows, post-crisis
FINANCIAL FITNESS: The frugality and investing discipline that the 2008 financial crisis imposed on Americans appear to have instilled permanent changes in behavior on money matters. That's according to survey findings released Wednesday by Fidelity Investments.
INSTILLING DISCIPLINE: Fidelity's "Five Years After" survey found that more people are increasing contributions to 401(k) plans, paying down debt and taking greater care to invest wisely.
SURVEY METHODS: Interviews were conducted with nearly 1,200 people who are financial decision makers in their households. Participants had to own investments other than a bank savings account or certificate of deposit.