May 26 2013

Americans are slowly creeping back to their non-saving and debt based spending ways: Drop in the savings rate and shift in type of debts being taken.

The personal saving rate in the United States is on a multi-decade decline.  Part of this has to do with Americans putting their money into alternative savings vehicles like 401ks and IRAs but a large part of this has to do with Americans simply not saving.  Roughly one-third of US households have no savings to […]

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