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In financial pinch, most Americans still save for retirement

Americans would rather change what they eat than give up their cell phones, downloads or digital TV services, according to a new survey conducted for the American Institute of CPAs by Harris Interactive. The good news is that only a small percentage of those surveyed said they would cut contributions...

By Paula Aven Gladych | Updated on April 11, 2012

Americans would rather change what they eat than give up their cell phones, downloads or digital TV services, according to a new survey conducted for the American Institute of CPAs by Harris Interactive. The good news is that only a small percentage of those surveyed said they would cut contributions to their retirement accounts.

Harris polled 1,005 adults about what action they would take in a financial pinch. Forty-one percent of adults said they would cut back on eating out, 20 percent said they would cut off cable TV, 8 percent said they would end cell phone service and another 8 percent said they would stop downloading songs and digital products.

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