Savings Archives - Marketplace

Consumers are saving the least since 2022, despite "pretty, pretty good" economy

by Stephanie Hughes

Jul 26, 2024

Incomes are up, consumption is up too — but the personal savings rate is down to 3.4%.

Higher interest rates and avid credit card use are among the reasons many Americans have little left over after buying essentials.

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Why do fewer Americans think they'll be working past age 62?

by Mitchell Hartman

Jul 25, 2024

American workers now expect to retire at a younger age than they did before the pandemic. But what kind of retirement will it be?

More Americans believe they won't work past age 62.

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Dwindling savings and changing consumer tastes have hit Target hard

by Caleigh Wells

May 22, 2024

Meanwhile, its competitors are doing pretty well, including Walmart, where groceries account for 60% of sales.

Most of that extra cushion in people’s savings accounts from the pandemic is now gone, says Columbia professor Brett House.

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Americans have blown through excess pandemic savings. What does that mean for the economy?

by Caleigh Wells

May 8, 2024

We've spent the $2.1 trillion that two San Francisco Fed economists say we saved during the pandemic.

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Americans are saving less. That might actually be a sign of economic strength.

by Henry Epp

Apr 26, 2024

If interest rates fall, expect savings rates to do the same.

A lot of people might still be holding on to some of the money they tucked away earlier in the pandemic, says Tim Quinlan, senior economist at Wells Fargo.

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All those pandemic savings? They might already be gone

by Sabri Ben-Achour

Sep 28, 2023

People in the U.S. saved an estimated $2.1 trillion at one point in the pandemic. By some estimates, that money's pretty much gone.

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401(k) balances are rising, but most savers still won't have enough for retirement

by Samantha Fields

Aug 18, 2023

The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.

Marketplace's senior economics contributor details findings from a new report that ranks global retirement systems.

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Prices are still rising, and consumers seem tired

by Sabri Ben-Achour

May 10, 2023

Prices rose 4.9% year over year in April and 0.4% during that month. Consumer fatigue is showing in higher credit card balances and lower savings.

Consumers are going to low-price stores more and buying less per visit. They're opting more frequently for generics over name brands, per Jefferies analyst Corey Tarlowe.

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Consumers spent more in January, but also saved more. What gives?

by Justin Ho

Feb 24, 2023

A boost in disposable income fueled spending and saving. Data signals a healthy outlook, but lower-income people are draining reserves.

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Making a major life change? These financial steps can help

by David Brancaccio and Alex Schroeder

Feb 21, 2023

Whether you've decided it's time to change jobs or you're dealing with an unforeseen circumstance.

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Consumers are saving the least since 2022, despite "pretty, pretty good" economy

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Why do fewer Americans think they'll be working past age 62?

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Dwindling savings and changing consumer tastes have hit Target hard

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Americans have blown through excess pandemic savings. What does that mean for the economy?

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Americans are saving less. That might actually be a sign of economic strength.

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All those pandemic savings? They might already be gone

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401(k) balances are rising, but most savers still won't have enough for retirement

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Prices are still rising, and consumers seem tired

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