savings

Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.

(source: en.wikipedia.org)

Unexpected Expenses Cost Consumers $5,500 on Average Last Year
Unexpected Expenses Cost Consumers $5,500 on Average Last Year
April 05, 2024  |  Consumer Finance

Unemployment dropped 3.8% last month, offering another sign that the U.S. economy is on a slow but steady upward trajectory. And while this news is...

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Consumer Spending Outpaces Income Growth as Inflation Continues
Consumer Spending Outpaces Income Growth as Inflation Continues
March 29, 2024  |  Economy

Consumers keep spending, income growth is muted, and inflation is still here. Bit by bit, debt obligations are eating into disposable income growth. As to...

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Varo Bank Debuts Line of Credit as Consumers Remain Pinched
Varo Bank Debuts Line of Credit as Consumers Remain Pinched
March 26, 2024  |  Personal Finance

Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line...

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Goalsetter Raises $9.6 Million to Promote Financial Health
Goalsetter Raises $9.6 Million to Promote Financial Health
March 25, 2024  |  Personal Finance

Savings/financial education platform Goalsetter has raised $9.6 million in new funding. The company’s Series A extension round, announced Monday (March 25) was led by an affiliate of...

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How WealthTech Firms Are Simplifying Investing for Tomorrow’s High-Net-Worth Individuals
How WealthTech Firms Are Simplifying Investing for Tomorrow’s High-Net-Worth Individuals
March 04, 2024  |  Consumer Finance

A staggering $84 trillion is the amount of cash and assets that Generation X, millennials and Gen Z consumers are set to inherit from older...

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Savings Drop Threatens Consumers Ability to Handle Emergency Expenses
Savings Drop Threatens Consumers Ability to Handle Emergency Expenses
March 04, 2024  |  Consumer Insights

Consumers are now saving less money for the proverbial rainy day than they were a year ago. The personal savings rate in January was 3.8%, which was...

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Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security
Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security
March 01, 2024  |  Gig Economy

The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence...

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Robinhood Opens Retirement Offering to Gig Workers
Robinhood Opens Retirement Offering to Gig Workers
February 28, 2024  |  Gig Economy

Investment platform Robinhood is expanding its retirement offering to include gig workers. “Robinhood Retirement For Independent Workers” kicked off Wednesday (Feb. 28) in partnership with three high-profile...

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Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
February 27, 2024  |  Consumer Finance

The prices of goods and services will continue to weigh on U.S. consumers’ wallets in 2024. Most consumers still say they live paycheck to paycheck....

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