Gobankingrates: Americans Don’t Think Being Frugal Works: Better Ways To Reach Financial Stability

By Gabrielle Olya, December 27, 2023

Achieving financial stability is a goal for many Americans, but they differ in their opinions on how to get there. A recent personal finance survey conducted by Moomoo Financial Inc. found that just 15% of Americans believe that living a more frugal lifestyle can help them become financially stable. And while this might not be the best way to achieve financial stability, some aspects of frugal living can help you get there.

“When many people talk about [being] frugal, [they] think about people that clip coupons to save a dime here or there. I think sometimes people miss some really great opportunities to be frugal with larger type things, [like] the biggest purchases you make,” said Justin Zacks, VP of strategy at Moomoo.

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