Category: household savings

Americans’ Excess Savings From The Pandemic Are Now Depleted, Say Federal Reserve Economists

July 6, 2023
Business & MarketsFederal Reservehousehold savingsinflationMarketspersonal financePolicies & ImpactsrecessionSocial Issuesstimulus cashUSUS News
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A team of Federal Reserve economists found that the cash surplus accumulated by American households over the past few years since the start of the pandemic has now largely evaporated. The expenditure of household excess savings by U.S. consumers partially came from government pandemic stimulus checks, which caused the spur in economic growth over the…

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US Savings Rate Plummets to Record Low as Inflation Levels Remain High

May 30, 2022
Business & Economydisposable incomeeconomyhousehold savingsinflationpersonal financepersonal savings rateUS
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The personal savings rate of Americans has dipped to the lowest level in 14 years as sky-high inflation takes a big chunk of people’s budgets. The U.S. personal saving rate, as a percentage of disposable income, fell to 4.4 percent in April, down from 5 percent in March, the lowest since 2008. The savings rate…

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Go Green in the Kitchen

March 18, 2022
Brightenergy billsFoodfood wasteHOMEhousehold savingskitchen thriftLifestylesave on foodstyletribunecontent
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We all want to do our part to protect our precious Mother Earth. But with such overwhelming issues — climate change, pollution, sustainability — it might seem like there’s no way one person could make an impact. Something as simple and routine as getting food on the table can have a big impact lightening your…

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‘Unique Nature’ of Pandemic Economic Downturn Behind the Strength of Australia’s Recovery: RBA

June 2, 2021
AustraliaAustralian Bureau of StatisticsAustralian economyhousehold savingshousehold spendingInternationalReserve Bank of AustraliaWorld
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The Reserve Bank of Australia hs said the recovery from the current economic downturn will be significantly different to the recovery from past economic shocks such as the Global Financial Crisis and the Great Depression. RBA Head of Economic Analysis Brad Jones said in a keynote address at the Minerals Week Australia-Asia Investment Outlook that…

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China’s Securities Regulator Aims to Channel People’s Savings Into Public Funds

December 30, 2020
Capital MarketChinaChina Business & EconomyChina SocietyChinese economyChinese marketChinese Regimehousehold savings
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The China Securities Regulatory Commission (CSRC) convened on Dec. 22 to address the challenges of the capital market for the year 2021. The authorities emphasized the importance of investing in public funds to spur economic growth and urged financial institutions to increase public equity funds by transforming household savings into investments. Chinese state media Securities…

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