No, squirrel monkey's do not hibernate. They do not live in an areas that has winter conditions such as rain forests.
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Squirrels live in the same place they did during the summer. Ground squirrels hibernate, but Tree squirrels do not. Tree squirrels can be found in their nests in the trees, with their families, trying to keep warm together.
Before the winter months you see them storing food, that's how they stay alive through the winter.
Any of about 260 species in 50 genera (family Sciuridae) of mostly diurnal rodents found almost worldwide. Many species are arboreal; some are terrestrial. All species have strong hind legs and a hairy tail. They vary widely in colour and form and range in total length from the 4-in. (10-cm) African pygmy squirrel to the giant squirrels of Asia, about 35 in. (90 cm) long. Tree dwellers live in a tree hollow or nest, and most are active year-round. Ground dwellers live in burrows, and many become dormant in winter (hibernate) or summer (estivate). As opposed to some ground squirrels (like white-tailed prairie dog), tree squirrels do not hibernate. They however become very inactive during the winter months to preserve energy.
Part of the above retrieved from Answers.com
Squirrels do not hibernate. Instead, they go through periods of decreased activity during the winter, but they remain active and forage for food throughout the season.
Squirrels are not obligate hibernators,hibernation occurs on an individual basis and is influenced by environmental factors and the nutritional state of the squirrel. Also note that it is only the adult squirrels that have fat stores who hibernate the spring born juveniles don't usually have fat reserves therefore the juveniles would not hibernate
Red squirrels do not hibernate, rather they remain active all year round. They store food in caches to sustain themselves during the winter when food is scarce.
They start in October and end in late March.
Squirrels scatter seeds by hiding them in various caches in their feeding range. Squirrels do not hibernate but do enter torpor but when they are active they use their stores to sustain themselves in the winter.
Some animals that hibernate include bears and groundhogs.