Jun 23 2013
The banking system’s methodical way of punishing savers: How punishing savers is encouraging a low savings rate and high levels of debt.
Would you be motivated to save money if your rate of return was 0 percent? That is the situation facing many Americans looking to put their hard earned dollars into the current banking system. Underlying the zero percent stated rate however is the reality that the real rate is closer to negative three percent given […]
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 […]