Money Journal Survey Shows Only One Third Able to Save Money

Las Vegas, NV, August 14, 2013 --(PR.com)-- Only one in three respondents to a new Money Journal.com poll are able to save money due to the tough economy. The disappointing result was determined after more than five years of a weak U.S. economy, despite improvements in some business sectors, including the stock market and better employment levels in many regions of the country.

Some 33% said they were able to save money, but a large majority of 67% said they were unable to save. Higher living expenses, including gas prices, consumer goods, utilities and groceries are contributing to a lack of savings. Middle class and lower income individuals are having a particularly hard time paying bills as the tough economy enters the sixth year of its downturn, despite government figures which say the economy is no longer in an economic recession.

In a separate survey last March 55% of respondents to a Money Journal poll said they were able to save money, indicating the changing economy has drastically affected their savings ability in the last year.

Money Journal regularly surveys visitors to its website on important issues related to the economy, and is regarded as a leading resource on financial issues. The majority of U.S. consumers are having trouble paying bills as the economy is rocked by financial trouble, including lower earnings reported on retail sales.

Before the financial crisis more than 80% of U.S. households invested in stocks, bonds or other financial investments. Since the financial crisis studies show that consumers are weary about the markets and are holding back from investing in financial markets.

Expert business journalists, including those in stocks, bonds, real estate and banking provide detailed reports and forecasts on Money Journal so consumers can better protect themselves in the world of finance. There are lots of ways to save money on all sorts of products and services provided through the website on everything from a home mortgage to power bills to the price of a tank of gas.