The frugality and investing discipline the 2008 financial crisis imposed on Americans appear to have led to permanent changes in behavior on money matters, according to a survey by the nation's second-largest mutual-fund company.
Spendthrift ways are unlikely to become as pervasive as they were before the crisis, Fidelity Investments concluded Wednesday in releasing results of its "Five Years After" survey of more than 1,150 investors.
Positive behaviors that appear now to be entrenched include saving more in 401(k) plans, paying down debt, and taking more care to invest wisely.
"These tend to be very sticky decisions because you begin to budget and spend around a higher savings rate," said John Sweeney, an executive vice president for retirement and investing with Fidelity in Boston. "People are taking control of their financial lives, and control breeds confidence."