Did pessimism about the future influence people to abandon the hope of saving for retirement, or did a lack of savings lead to the pessimism? One clue may be in the fact that people over 55 are even more gloomy about the future of the economy than the general population.
Since debt and savings are opposites, you wouldn't expect them to move in the same direction at the same time. However, recent statistics indicate that as America's debt has shrunk, so too have America's savings rates.
Americans are resourceful. Confronted with lower incomes and a scary financial outlook -- Americans got by with less and increased their savings rates. Keep up the good work.
With the Fed's key interest rate approaching zero, there's rarely been a better time to borrow. It happens to be a particularly bad time to save, howe...
If low savings account rates leave you discouraged, you can still make a difference over time. The worst thing you could do is let low rates on savings accounts lull you into a state of inaction.
U.S. Sen. Michael Bennet, speaking Sunday in Durango, said it will take new investments in education, energy and small businesses for America to fully...