Three-quarters of Americans now place an emphasis on long-term planning as opposed to short-term performance with one-third admitting they subscribe to the philosophy behind the old adage: Slow and steady wins the race.
The finding, among others, was released as part of Northwestern Mutual's "Planning and Progress Study." As the name of the study denotes, it seeks to take the pulse of Americans' attitudes toward money through the lens of goal-setting and priorities.
Whether it's from people seeing part of their savings depleted during the economic crisis or the success of the plethora of public awareness campaigns stressing the importance of adequate retirement planning, Americans are saving more. At the same time, many have no concrete long-term retirement plan, and if they do, they have failed to correctly implement it.
