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The personal savings rate dropped in November to its lowest level since December 2017.
A Bankrate.com survey found that while the pandemic has afforded some the opportunity to save money, many low-income households could not.
Two recent surveys show a trend toward increased financial discipline.
Who’s taking on debt for what reasons, and why paying it down is good for your financial and mental health.
More than half of Americans say their emergency savings could pay off their credit card debt, according to a recent poll.
People bought more stuff, like cars and home office equipment, an expert says. But also, there haven’t been any more relief checks.
Many are taking the chance to build up emergency savings or save for a downpayment, while others are paying down credit card debt and student loans.
The communist government is not handing out cash to struggling workers. Many have to depend on themselves.
The median U.S. household has just a couple of weeks worth of savings to tap into in a crisis.
Wealth management products are massively popular among the Chinese public.