In the New Year, consumers have said decreasing debt is their number one priority with savings taking a back seat, the National Foundation for Credit Counseling reported Monday in its monthly online survey of 6,100 individuals.
Foundation officials said they found the disinterest in savings "worrisome" for financial institutions and underscoring the need for stepped up financial education.
In its online poll, NFCC asked consumers about their financial New Year's resolutions and of the respondents, 76% said they seek to decrease debt, 6% increase savings, 11% improve credit scores and 7% decrease dependence on credit cards.
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