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

The Trader Harbor

World News

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
FINANCIALS BEGIN TO OUTPERFORM AS EQUITY “GO” TREND WEAKENS
next post
June home sales slump as median sales price rises to $426,900

Related Posts

Why JPMorgan Chase is prepared to sue the...

September 30, 2024

Here’s how Starbucks plans to improve its stores

July 2, 2024

UiPath to lay off 10% of workforce in...

July 10, 2024

JPMorgan creates new role overseeing junior bankers as...

September 19, 2024

Walgreens announces price cuts on 1,300 items amid...

May 30, 2024

Care.com settles charges it inflated jobs listings and...

August 30, 2024

What the National Association of Realtors’ settlement means...

March 17, 2024

Gold jumps to record above $2,460 an ounce...

July 18, 2024

Goodbye to ‘bags fly free’ on Southwest Airlines,...

March 17, 2025

Dow closes at record high above 40,000 to...

May 19, 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

    • The Real Drivers of This Market: AI, Semis & Robotics

      July 22, 2025
    • Harvard, Trump battle for billions in federal funds as judge weighs next steps

      July 22, 2025
    • Congressional Republicans face bruising battle to avoid government shutdown

      July 22, 2025
    • Iran seeks China, Russia help to stall UN sanctions ahead of nuclear talks with Europeans

      July 22, 2025
    • Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

      July 22, 2025
    • Hunter Biden special counsel got ‘one resume’ from DOJ to help prosecute president’s son

      July 22, 2025

    Categories

    • Business (1,299)
    • Politics (4,050)
    • Stocks (1,536)
    • Uncategorized (45)
    • World News (1,292)
    • 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