Consumer Reports surveyed more than a thousand consumers and found they learned big lessons from the Great Recession and vowed to permanently scale back their spending.
A whopping 71% of Americans purchased only what they absolutely needed this year, 53% percent used credit cards less and 39% said they put more money into savings.
Consumer Reports calls this “intelligent thrift.”
How do you rank?
CNN Business Correspondent Christine Romans has
created this quiz to help you decide whether you
are the smart, thrifty consumer or the bubble
How many questions did you answer with yes?
You are a financial overachiever
You are a frugalista
You are a bubble consumer
0 to 1?
You need a money intervention
Watch Christine Romans on CNN's
"American Morning," weekdays from 6-9 a.m. ET.
And check our her daily "Romans' Numeral."