40 Plus Finance

Follow My Journey Managing Finances At 40 Years Plus

  • Home
  • Financial Freedom
  • Personal Investing & Finance
  • Real Estate Investing
  • Resources
  • About
  • Facebook
  • Twitter
  • YouTube
America Saves: The U.S. Savings Rate is Rising!

America Saves: The U.S. Savings Rate is Rising!

May 29, 2020 By Kurt last modified on December 17, 2022 Leave a Comment

Although the pandemic has been quite harrowing on the majority of US families, there is one important positive that has come out of the national crisis. American families are officially saving more now than they have in a 39-year time span! This may be a win when it comes to added preparation, but economists fear that the sluggish spending associated with these high savings levels could wreak havoc on the economy overtime. They suggest that a happy medium is to save ten to twenty percent of your income.

Key Takeaways:

  • While the coronavirus pandemic has caused a lot of economic turmoil, Americans are beginning to increase their savings.
  • At the moment, credit card usage and spending, as well as incomes, are down.
  • While the economy might take some time to recover, saving is always a good idea.

“The March 2020 personal savings rate was 13.1 percent—a rate not seen since 1981, during the Reagan years.”

Read more: https://partners4prosperity.com/american-savings-rate/

Further reading:

No related posts.

Filed Under: Summary

About Kurt

Real Estate Investor, media buyer, faithful Red Sox Fan. Pursuing financial freedom while being a family man.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CFT Academy

Popular Posts

Financial Independence vs Financial Freedom

Financial Independence vs Financial Freedom

Searching "financial freedom" on Google will reveal that it is often used … [Read More...]

tax efficient investing tips

Tax-Efficient Investing Tips

What are some tips for tax efficient investing?  This article will explore … [Read More...]

How Many Stocks Should Someone Own

How Many Stocks Should I Own?

One very typical investment strategy is to directly purchase stocks.  While … [Read More...]

Inside 40 Plus Finance

About Us

Contact Us

Privacy Policy

Affiliate Disclosure

 

Financial Freedom

Monthly Financial Freedom Reports

Financial Freedom Calculator

Reviews

Cash Flow Tactics Review

Categories

  • Classics
  • Features
  • Financial Freedom
  • Financial Freedom Monthly
  • Personal Investing & Finance
  • Real Estate Investing
  • Summary

Connect With 40 Plus Finance

  • Facebook
  • Twitter
  • YouTube

Recent Posts

  • How to Invest in Index Funds: A Beginner’s Guide
  • How Much Should You Contribute To Your 401(k)?
  • Digital Nomad Employment
  • Should You Make Roth or Traditional 401(k) Contributions?
  • How To Invest In Real Estate With Little Money

Contact Us · Privacy Policy · About · Affiliate Disclosure ·
Copyright © 2023 · Forty Plus Finance

Disclaimer: 40 Plus Finance is for purely educational purposes only and is not selling investments, insurance, real estate, securities, or anything other than education and is not providing tax advice, legal advice, or investment advisory products. You need to become educated about any financial product before purchase and consult a CPA and/or attorney in order to make the best financial decisions for yourself. As an Amazon Associate I earn from qualifying purchases.