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PenFed survey finds overall consumers would rather save than splurge with new found money

Monday, March 5, 2018  
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TYSONS, VA (March 5, 2018) — PenFed Credit Union, the nation’s second-largest federal credit union, today announced results from a nationwide survey on consumer behaviors and opinions related to savings. Nationally recognized market research firm McLaughlin & Associates conducted the survey on behalf of PenFed. It found that American consumers are overall more likely to be fiscally responsible with new found money, rather than spend it on entertainment or social activities. Saving is in the forefront of adults’ minds when it comes to handling new found money across all key demographics. If adults were given $5,000, they would put about half of it (48%) into savings, spend 42% and give 10% to charity.

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