The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

Household savings are thinning. Here’s how to put money back in your pocket.

by admin July 23, 2024
July 23, 2024
Household savings are thinning. Here’s how to put money back in your pocket.

People aren’t boosting their savings much even as wages rise and inflation slows.

Households socked away about 3.9% of their disposable income as of May, the latest federal data shows, down from 5.3% in May of last year, when consumer price increases and the job market were both running hotter. Today, the savings rate is back down to around its levels two years ago after falling from pandemic peaks north of 24%, and remains lower than the 7% range in 2019.

Blame it on steep living costs and high interest rates that have made it tough to save in an otherwise strong economy.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Israel strikes Yemen for the first time following deadly Houthi drone attack. Here’s what we know
next post
Federal Reserve fines Walmart-linked Green Dot Corp $44 million after customers lost access to funds

Related Posts

McDonald’s aims to open nearly 9,000 restaurants, add...

December 7, 2023

Goldman Sachs rolls out an AI assistant for...

January 23, 2025

Gov. Gavin Newsom says he will provide residents...

November 26, 2024

OpenAI releases Sora, its buzzy AI video-generation tool

December 11, 2024

Federal Trade Commission accuses three drug middlemen of...

September 24, 2024

Babies R Us is back: Here’s why Kohl’s...

August 2, 2024

Dow tumbles 475 points, S&P 500 suffers worst...

April 14, 2024

Mattel pulls thousands of ‘Wicked’ dolls off shelves...

November 14, 2024

Shein and Temu see U.S. demand plunge as...

June 6, 2025

Boeing to plead guilty to criminal fraud charge...

July 9, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,404)
    • Investing (3,391)
    • Politics (4,572)
    • World (4,505)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved