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Investors cautious after crisis


April 03. 2013 11:47PM
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BOSTON — Americans have grown more cautious and disciplined in handling their money since the financial crisis struck in 2008, a survey by a leading mutual fund company suggests.


People say they don’t spend as much, save as little or embrace as much risk as they did before the crisis, according to a survey of nearly 1,200 people by Fidelity Investments.


As a group, people say they’re saving more in 401(k) retirement plans and reducing debt.


Survey participants were interviewed over two weeks in February, nearly five years after a meltdown of risky mortgage investments caused home and stock prices to sink, sent unemployment soaring and nearly toppled the U.S. financial system. Not until last month did the Dow Jones industrial average regain its pre-crisis high.


Key survey findings include:


* Fifty-six percent of respondents said they’ve gone from being scared or confused about managing their money to confident or prepared five years later.


* Forty-two percent are now contributing more to workplace savings plans such as 401(k)s or to individual retirement accounts or health-savings accounts. Only 5 percent are contributing less, and 53 percent say they’re making no changes.


* Fifty-five percent said they feel better prepared for retirement than they did before the crisis.




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