The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

Household savings are thinning. Here’s how to put money back in your pocket.

by admin July 23, 2024
July 23, 2024
Household savings are thinning. Here’s how to put money back in your pocket.

People aren’t boosting their savings much even as wages rise and inflation slows.

Households socked away about 3.9% of their disposable income as of May, the latest federal data shows, down from 5.3% in May of last year, when consumer price increases and the job market were both running hotter. Today, the savings rate is back down to around its levels two years ago after falling from pandemic peaks north of 24%, and remains lower than the 7% range in 2019.

Blame it on steep living costs and high interest rates that have made it tough to save in an otherwise strong economy.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Embattled Secret Service director to tell top House committee ‘we failed’ to protect Trump
next post
VP Harris could face more scrutiny from GOP if she assumes presidency: expert

Related Posts

The fight for the future of the Murdoch...

September 10, 2024

Dropbox slashes 20% of global workforce, eliminating more...

October 31, 2024

Father and son fraudsters sentenced in case of...

May 14, 2025

Costco and Teamsters reach tentative contract agreement, avoid...

February 3, 2025

This California startup is cleaning water and removing...

June 6, 2025

Presidential debate drew 51.3 million viewers, down from...

July 1, 2024

As inflation cools, Social Security could pay out...

July 12, 2024

FTC bans fake online reviews, inflated social media...

August 16, 2024

Three Disney films could top $1 billion this...

August 10, 2024

CVS is under pressure and considering a breakup....

October 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

      June 30, 2025
    • Breakdown of NVDA’s Stock Price and S&P 500: Actionable Technical Insights

      June 30, 2025
    • Thom Tillis announces retirement from Senate after clash with Trump

      June 30, 2025
    • SCOOP: House Republican eyes bid for Thom Tillis Senate seat after Trump attack

      June 30, 2025
    • Dem delay tactic ends, debate begins on Trump’s ‘big, beautiful bill’

      June 30, 2025
    • GOP, Dem senators remain divided over Medicaid after Trump’s ‘big, beautiful bill’ vote

      June 30, 2025

    Categories

    • Business (1,272)
    • Politics (3,873)
    • Stocks (1,477)
    • Uncategorized (45)
    • World News (1,265)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved