savings

Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.

Source: en.wikipedia.org

Millennials Have the Most Difficulties Making Ends Meet
Millennials Have the Most Difficulties Making Ends Meet
November 17, 2023  |  Consumer Finance

Millennials were born between 1981 and 1996. They entered the workforce during the economic recession that followed the 2008 crash. They endured years of job...

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Sentiment Sours as Consumers See Inflation Rising for Years to Come
Sentiment Sours as Consumers See Inflation Rising for Years to Come
November 10, 2023  |  Consumer Insights

Consumers’ expectations on the economy — and particularly inflation — continue to sour. And they seem to be girding for price pressures to be firmly...

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Middle-Income Consumers Lose 18% of Savings Due to Inflation
Middle-Income Consumers Lose 18% of Savings Due to Inflation
November 09, 2023  |  Consumer Insights

The high and persistent inflation that has shaken the global economy in recent years has also seeped into U.S. households. Despite efforts to manage budgets...

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Consumers Deplete Two-Thirds of Their Savings Every Four Years
Consumers Deplete Two-Thirds of Their Savings Every Four Years
October 30, 2023  |  Consumer Finance

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States. As of September 2023, 62% of consumers live paycheck to...

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Report: Richest 1% Increase Their Share of Post-Pandemic Wealth
Report: Richest 1% Increase Their Share of Post-Pandemic Wealth
October 09, 2023  |  Economy

The pandemic reportedly did little to close the gap between the rich and the poor. Despite some belief that a robust job market and strong...

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Consumers Splurge on ‘Once in a Lifetime’ Expenses Despite Inflation
Consumers Splurge on ‘Once in a Lifetime’ Expenses Despite Inflation
October 02, 2023  |  Economy

Household spending is up despite several factors that should be keeping it down. Americans spent 5.8% more in August compared to the year before amid...

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‘Hope Inside Cross River’ Helps Consumers Increase Savings
‘Hope Inside Cross River’ Helps Consumers Increase Savings
September 27, 2023  |  Financial Inclusion

Cross River Bank and Operation Hope say their financial literacy initiative has helped consumers boost their savings. The financial institution and the nonprofit announced Wednesday (Sept. 27) the midyear...

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80% of Americans See Savings Decline Since Pandemic Peak
80% of Americans See Savings Decline Since Pandemic Peak
September 25, 2023  |  Economy

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra...

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Can Prize-Linked Savings Accounts Help Consumers Play Their Way to Prosperity?
Can Prize-Linked Savings Accounts Help Consumers Play Their Way to Prosperity?
September 13, 2023  |  Consumer Finance

In light of today’s challenging macro environment, Americans’ savings accounts may need some saving themselves. Inflation is top of mind for increasingly embattled consumers, with...

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