Savings rate is up
Thanks to the government’s giant stimulus program, many Americans seem to be feeling a little better about their finances. Despite rising unemployment, personal incomes still rose 1.6 percent in May, according to the Commerce Department. But instead of heading back to the mall with that [...]
Different borrowing, more saving
While it’s true that more people are relying on cash advances now, there are also a higher number of people stashing money in their savings accounts.
I will be the first to admit that when I read the headline “Why Saving is Killing the Economy,” I rolled my eyes.
Sensational [...]
Rainy day funds growing
It seems people in the United States are starting to learn their lesson, or trying to avoid needing another payday advance loan. The personal savings rate rose in December to 3.6 percent, the highest it has been since Americans got their stimulus checks last year in May.
The [...]