Personal Savings news and trends

Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter

May 29, 2020
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U.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct
Economy // May 29, 2020

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29). “There is a tremendous uncertainty and virus fear that is lingering and that is restraining people’s desire to...

UK’s Plum Raises $3M To Grow AI-Powered Finance App
Investments // November 14, 2019

Plum, an artificial intelligence (AI)-driven money management tool, announced that it has raised $3 million in additional funding that will be used toward growth goals including the company’s European expansion. This round, which is a second part of the company’s $4.5 million raise over the...

Quick Reads
Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter

May 29, 2020
While the number of laid-off workers who filed for jobless benefits exceeded 40 million last week, 1 in 10 Americans say COVID-19 has boosted their budget, according to a new survey. CNBC reported a TD Ameritrade poll of more than 1,000 adults across the U.S. contacted between April 24 through May 4 found 78 percent […]

U.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct

May 29, 2020
The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29). “There is a...

UK’s Plum Raises $3M To Grow AI-Powered Finance App

November 14, 2019
Plum, an artificial intelligence (AI)-driven money management tool, announced that it has raised $3 million in additional funding that will be used toward growth goals including the company’s European expansion....