Americans are saving less, and that could be one reason theyhaven’t gone hog-wild over reportedly less-than-stellar deals inthe lead-up to the holidays.
That’s the word from the Country Financial Security Index, whichhas been tracking consumers’ downward arc in their ability to savesince 2007.
According to the index, only 42 percent of Americans were ableto put money away for either savings or investments over the pasttwo months. When the index began in 2007, the pre-recession savingrate was 55 percent — still not great, but far better than it isnow.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
