The AARP Bulletin commissioned a nationwide survey in June 2011 to find out how often consumers have trouble limiting their spending or spending their money. The survey also includes questions on how consumers might label themselves – either as a “tightwad” or “spendthrift.”
Survey findings indicate that about two in five respondents report having some difficulty limiting their spending --often spending money when it might not be in their best interest. And one in three report that they have trouble spending money -- often not spending money on things they should spend it on due to anxiety about spending or other reasons.
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