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)

80% of Americans See Savings Decline Since Pandemic Peak
80% of Americans See Savings Decline Since Pandemic Peak
September 25, 2023  |  Economy

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra...

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Can Prize-Linked Savings Accounts Help Consumers Play Their Way to Prosperity?
Can Prize-Linked Savings Accounts Help Consumers Play Their Way to Prosperity?
September 13, 2023  |  Consumer Finance

In light of today’s challenging macro environment, Americans’ savings accounts may need some saving themselves. Inflation is top of mind for increasingly embattled consumers, with...

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Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
August 30, 2023  |  Consumer Finance

Inflationary pressures have yet to abate fully, making it necessary for many United States consumers to adjust their lifestyles to live within their means. Even...

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Americans’ $2 Trillion in Pandemic Savings Nearly Exhausted
Americans’ $2 Trillion in Pandemic Savings Nearly Exhausted
August 17, 2023  |  Consumer Finance

American consumers’ savings cushion is no longer that cushiony, according to new Federal Reserve research. The savings people accumulated during the pandemic, which at one...

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GDP Data Shows Disposable Income Growth Slowing as Consumers Seek to Pad Savings
GDP Data Shows Disposable Income Growth Slowing as Consumers Seek to Pad Savings
July 27, 2023  |  Consumer Insights

The latest data from the U.S. Department of Commerce show that consumer spending helped push gross domestic product (GDP) past expectations. But the growth in disposable income appears to...

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Raisin Predicts Deposit Base Will Grow to $56 Billion
Raisin Predicts Deposit Base Will Grow to $56 Billion
July 17, 2023  |  Banking

German FinTech Raisin is reportedly banking on a shift among lenders to alternative funding sources. The savings and investment platform anticipates that deposits for which...

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Savings Cushion Keeps Financially Secure Consumers Spending
Savings Cushion Keeps Financially Secure Consumers Spending
July 05, 2023  |  Consumer Insights

The paycheck economy faces many challenges. But a deeper dive into the data shows that non-paycheck-to-paycheck consumers — representing about 40% of the population —...

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73% of Millennials Still Live Paycheck-To-Paycheck But Savings Cushions Are Rising
73% of Millennials Still Live Paycheck-To-Paycheck But Savings Cushions Are Rising
May 03, 2023  |  Connected Economy

As millennials enter new life phases like home ownership and parenthood, those added financial pressures make this high-earning demographic most likely to live paycheck to...

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Drained Savings Push 21% of Paycheck-to-Paycheck Consumers Into Financial Distress
Drained Savings Push 21% of Paycheck-to-Paycheck Consumers Into Financial Distress
May 02, 2023  |  Consumer Insights

Consumers are drifting deeper into financial uncertainty while scrambling to cover costs. There seemed to be little cause for concern about consumers’ ability to spend...

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