The average American saves less than 5% vs. 10% from 1950-2000

The average American saves less than 5% vs. 10% from 1950-2000

We can sympathize that saving in today’s always on, always connected get what you want now, you only live once can be a challenge. This larger issue, however, is people are saving far less than they have in the past, and while some of is related to a lack of wage growth that is one […]

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Consumer Finances Getting Stretched

Consumer Finances Getting Stretched

The recent economic data coupled with what we are hearing this earnings season paint a picture of consumer finances getting seriously stretched. Yesterday we learned that personal income growth stalled out in June, unchanged from May. The 3-month moving average shows slowing in income growth. With the decline in income, we have also seen consumers […]

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Americans Tend To Be Poor Savers and Poor Planners When It Comes to Money

Americans Tend To Be Poor Savers and Poor Planners When It Comes to Money

While the October Employment Report showed a “surge” in wage, we’ve yet to see a shift away from the mentality that has led to such dismal savings and safety fund percentages among Americans. Maybe it’s the “spend it when you get it” mentality or perhaps it’s still just Cash-strapped Consumers, but either way there will […]

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