saving
It’s important to have savings for a variety of purposes, like emergencies and retirement. But data from the U.S. Bureau of Economic Analysis reveals that consumer savings rates are below their historical average. In February, the average personal savings rate was 4.6%. That’s well below the average yearly rate of more than 8%, according to […]
Saving money for retirement has long been a challenge for many families. Having enough for retirement isn’t always easy, and these days even those who have done well are having difficulty finding ways to boost their bank account. A recent survey conducted by Bankrate found that it’s even harder now than it was a few […]
When living costs started soaring last summer as a reaction to a mismatch between supply and demand, many people thought rampant inflation would be fairly short-lived. Fast forward a year, and clearly, that hasn’t been the case. Inflation has been wreaking havoc on consumers since the start of 2022, and for some, the impact has […]
Pages
