Frugal investors

The Charles Schwab seventh semi-annual survey of independent registered investment advisors has some intriguing information on frugality.  The survey includes more than 1,100 independent advisors with more than $252 billion in assets under management. For instance, some 32% of surveyed advisors say that “frugal spending habits” among consumers will have the great staying power.Another 26% said that they see a renewed “focus on saving money.” Almost two-thirds of advisors said that their clients are focused on paying off debts.