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Advisers steer shift to savings
Robin Grier consults with client Annett Walden-Mason at her office on Pilgrim Mill Road on Tuesday. - photo by Autumn McBride
The days of big spending and high debt seem to be over, or at least on hiatus. In recent years, with the economic downturn leading to job losses and pay cuts, it seems most people have become more focused on paying down debt and increasing their savings. Rock Hunt, president of Community & Southern Bank in Cumming, said he’s seen a definite shift in people’s approach to debt and savings over the decades.“Having been through several different economic cycles in the ’70s, ’80s, ’90s and now a new century, I’ve seen a population that was not adverse to carrying a lot of debt,” Hunt said.