Survey: Many Arkansans delaying major purchases

LITTLE ROCK (Arkansas News Bureau) The majority of Arkansans, according to a recent Arvest Consumer Sentiment Survey, say they have not made major household purchases in the past six months and about a quarter of Arkansans surveyed want to increase their savings rate.

According an Arvest Bank survey released Tuesday, Arkansans are saving about 9.5 percent of their earnings. Families with incomes of more than $75,000 save about 15 percent, and families with incomes less than $75,000 save about 7 percent.

Kathy Deck, director of The Center for Business and Economic Research at the Sam M. Walton School of Business at the University of Arkansas at Fayetteville, said the findings show that the majority of working families in Arkansas, Missouri and Oklahoma have not seen the economic recovery being reported in other parts of the country.

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