You Searched For "personal savings rate" and got 20 results
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2 mins read
Americans are spending more on travel and live entertainment. But their personal saving rate has taken a dip.
In 2023, consumer spending on international trips and live entertainment rose by nearly 30 percent,…
John L. Dorman
4 mins read
Switching savings accounts: Why and how should you go about it?
When it comes to handling your personal finances, the decisions you make about your money can signi…
2 mins read
After humans, ants are now the only species found performing life-saving surgery on others of their species!
In a fascinating turn of events, scientists have documented that Florida carpenter ants engage in s…
2 mins read
India's FMCG sector to see revenue growth of 7-9% in fiscal 2024: CRISIL
The report added that the product realisations are expected to grow modestly with slight increases …
ANI
3 mins read
Loans against mutual funds may come at a lower interest rate, but experts urge caution
When in need of money, especially at short notice, a personal finance loan is one option. However, …
2 mins read
Recession is coming and it could send stocks plummeting 26% as dwindling savings rates spark a 'vicious cycle' in the economy, strategist says
The S&P 500 could fall to 3,500 whenever a recession hits the US economy, BCA strategist Roukaya Ib…
Jennifer Sor
9 mins read
Meet the generation that may never retire: Why some millennials are behind on savings and how they can catch up
Feel like you're behind on retirement savings? You're not alone.
Jacob Zinkula,William Edwards
2 mins read
People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to s…
Theron Mohamed
3 mins read
Americans could save up to $300 a month on their mortgages if interest rates drop as expected in 2024
Discover how potential interest rate cuts could help homeowners with high-interest mortgages save o…
Cork Gaines
2 mins read
Travelers are booking open-jaw flights to Europe to save money and extend trips. A travel advisor explains how it works.
Open-jaw flights, which fly into one city and out of another, are popular among those traveling to …
Joey Hadden
6 mins read
I got a 2.5% mortgage rate last year when everyone else was getting 6%. It's saving us $40,000 and helping pay off my medical bills for cancer treatment.
Amy Yzaguirre, who got a relatively rare type of mortgage, said it was a grueling process requiring…
Alcynna Lloyd
6 mins read
Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market
Interest rate cuts seem likely to come in the first half of next year, but that might not be a huge…
Dan DeFrancesco
6 mins read
Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market
Interest rate cuts seem likely to come in the first half of next year, but that might not be a huge…
Dan DeFrancesco
2 mins read
Opted for the new tax regime? Here are the allowances and deductions you can still avail
Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…
2 mins read
Here’s how one can use the avalanche method to pay off lingering debts
One of the best debt payment strategies is known as the avalanche method. The process is simple. Yo…
1 min read
Bank deposits losing attractiveness as govt savings schemes see strong growth
Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as …
3 mins read
The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates
Interest rate cuts may not come so soon amid strong job growth and persistent inflation.
Huileng Tan
2 mins read
Americans are 'doom saving'
While some Americans are 'doom spending,' or splurging to quell their economic anxieties, others ar…
Dominick Reuter
4 mins read
What is the federal funds rate?
The federal funds rate is the interest banks charge each other for overnight loans. Set by the Fede…
Karen Fernandez
3 mins read
New Yorkers who make six figures won't save as much moving to Texas and Florida anymore
High earners moving from NY to Florida or Texas should know that the lack of income tax helps, but …