Finding money to save
The recent economic situation has many people trying to save more money. In 2005, the personal savings rate had fallen to below 1 percent, indicating that many Americans were spending either all or even more than they were earning. The current personal savings rate, nearly 6 percent, shows that more Americans are saving. Savings provides many people with a feeling of financial security – to be able to pay off debt, prepare for retirement, or p...
by
RACHEL HANCE Extension Agent for Family and Consumer Sciences
News Democrat Leader
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