The personal savings rate of Americans has reached its lowest level in 17 years. Experts explain why and offer 3 strategies to increase your account balance
New data from the Bureau of Economic Analysis (BEA) has revealed that Americans are slowing their savings, despite an increase in their income. Personal income rose $155.3 billion (0.7%) in October, according to the bureau’s estimates, and personal disposable income (DPI) rose $132.9 billion (0.7%) . The downside: increased income has not translated into greater …
