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Poll Finds Financial Plans Not Changed

Though most Americans are not making major changes to their financial plans in spite of current economic conditions, (63 percent said they had no significant changes in savings, investing or spending), their habits regarding accumulating money have changed.Coinstar, a company which manufactures coin counter machines, ran the poll, and reported nearly one-third of people polled said they are recycling or cashing in coins more today than they did a year ago. Forty percent of survey respondents said they will use the extra money for fun compared to 30 percent who said they would use it to pay bills.

One major issue addressed in this year's poll is the effect of September 11 on charitable giving. The poll found that 44 percent of respondents believe they are more aware of charitable giving needs than they were before that date. About half of those said this awareness would prompt them to donate more in the future while 40 percent said they would continue to donate the same amount. Although many nonprofits committed to humanitarian services raised unprecedented funds following September 11, 60 percent of the poll's respondents said they had not donated more in 2001 than the year before, while 38 percent said they had given more during the year. Thirty-nine percent of respondents said that they gave money to September 11-based support groups that they would otherwise have given to other charities.

Forty-one percent of survey respondents said they regularly donate their change to nonprofit organizations.

Copyright © 2002 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 12, No. 2, 2/02

First published on 02/01/2002

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