Savings

After saving or investing around 40% of her income, Abigail Gomez has money left over for luxuries.

Employers that offer retirement plans would also be able to offer a separate emergency savings plan.

The personal saving rate declined in October to its lowest point since 2005. “A lot of people are close to the edge, unfortunately,” an analyst says.

The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.

Concert tickets might not break your soul like, say, buying a home in this market could.

Even though they’re pessimistic about the economy and economists worry about a recession.

According to the Bankrate survey, 20% would need to use a credit card to pay off a big emergency expense and 10% would borrow from family or friends.

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.