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Financial Discipline Grows 5 Years After Crisis

Money-StocksBOSTON (AP) — The frugality and investing discipline that the 2008 financial crisis imposed on Americans appear to have instilled permanent changes in behavior on money matters.

That’s according to survey findings released Wednesday by Fidelity Investments, the nation’s second largest mutual fund company.

Findings from the “Five Years After” survey of nearly 1,200 investors suggest that spendthrift ways are unlikely to again become as pervasive as they were before the crisis.

Positive behaviors that appear to be entrenched include saving more, paying down debt and taking greater care to invest wisely.

For example, 42 percent of survey participants reported that they have increased the amounts of regular contributions to 401(k)s or individual retirement accounts. Seventy-two percent have less debt now than they did before the crisis. Forty-two percent have bigger emergency funds.


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