Tag Archive | "financial management"

Reasons Why Personal Saving Rates Alarmingly Low In Recent Years!

Reasons Why Personal Saving Rates Alarmingly Low In Recent Years!

Posted on 01 October 2009. Tags: , , ,

Personal Savings seem to have reached an all-time low this year. I’m not surprised. Given the very stormy economic conditions, the average American would have been thinking about surviving in the present day, rather than saving up for the future. Apart from the economic conditions, the level of financial literacy of the youth and the public in general is also responsible for this. Americans being spendthrifts by nature and being too optimistic about the future, till the recent recession, did not find the necessity to save up for the future, but the economic famine has woken up people to the harsh reality. Another reason that seems to have made the Americans sleep over the personal savings issue was the highly available consumer credit which has grown at an alarming rate in the last few years. [...]

Continue Reading

Posted in Money, Saving1 Comment

Find us on Facebook

   

Recommended Sites

Google Freind Connect