Magazine article American Banker

More Consumers Feel in the Mood to Invest and Save, Survey Finds

Magazine article American Banker

More Consumers Feel in the Mood to Invest and Save, Survey Finds

Article excerpt

Americans said in December that they were more inclined to save and invest over the next three months than they were in November.

That is the key finding of a survey by a Houston-based mutual fund company that gauges what Americans plan to do with their money over 60 to 90 days.

The December index of investor intentions, published by American Capital Management and Research, is based on a telephone poll of 1,000 households selected at random. The survey was conducted for the first time in November.

Mortgage Savings a Spur

Consumers, many of whom have refinanced mortgages at lower interest rates, have more cash after fixed expenses for both spending and saving, said Donald A. McMullen, president of American Capital Management and Research, which manages $16 billion in mutual funds.

Delta Strategies, an independent research firm in Austin that compiled the survey, found that 47. …

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