Matt Schulz, the senior industry analyst at CreditCards.com, said the findings were surprising, but explainable. "By all accounts, people are spending, the job market is improving, and people seem to have their finances fairly under control. So it was interesting to see that they're not likely to splurge," he told Mic. The reason could be that although people are finding jobs, they're not getting raises, so wages are stagnant , he added.