Uncertainty about the future of the economy has led many Americans to save more and pay off more debt, according to a study released Tuesday.A survey from First Command Financial Services showed that Americans are feeling less secure financially in September compared to the previous month, as the economy continues to slow.
"People are increasingly worried about their position in the economy," said Scott Spiker, chief executive of First Command.
Consumers have seen their investments diminish as the stock market has fallen more than 30% over the last three months. Those losses have taken a toll on consumers' optimism about their personal financial situations.
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