Inside these posts: America Saves

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Recession still causing personal finance headaches

The Great Recession might be officially over, but that’s not helping Americans save money, and they’re growing increasingly worried about it, according to survey results released Tuesday.

The portion of people “very concerned” about the impact of the current recession on their personal finances rose from 43 percent last year to 49 percent this year, according to the survey commissioned by the American Savings Education Council and the “America Saves” campaign, with more than 1,000 participating groups.

“The recession clearly has not ended for millions of Americans,” said Stephen Brobeck, executive director of the Consumer Federation of America. High unemployment, consumer and mortgage debt, and the housing crisis help explain why savers haven’t made much progress. Get the full story »