"Being "frugal" is now perceived positively by 61% of Americans, who view it as careful budgeting rather than being "cheap," signaling a cultural shift toward financial mindfulness."
"The survey reveals nearly 72% find openness about budgeting acceptable today, highlighting societal progress in discussing financial matters compared to past decades."
"Interpretations of "financial progress" vary: Gen Z finds it in grocery choices, while older generations crave savings post-bill payments, showcasing diverse financial priorities."
"Interestingly, 43% of surveyed Americans feel financially better today than five years ago. In contrast, baby boomers report a more negative financial outlook."
A recent survey of 2,000 Americans reveals a significant cultural shift regarding frugality, with 61% seeing it as acceptable and prudent. Younger generations, like Gen Z, equate financial progress with greater purchasing freedom, while older generations focus on savings post-expenses. The study, conducted by Talker Research for banking app Chime during Financial Progress Month, also highlights that 72% agree being open about budgeting is more acceptable now. Moreover, 43% believe they are in better financial shape today than five years ago, indicating varied financial outlooks across generations.
Read at New York Post
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