Many Canadians do not have over two months in savings to manage an emergency, according to a new Maru public opinion poll. Sixty-two percent of Canadians, down from 65 percent last month, believe they have money in reserve for unexpected costs or needs, according to the March 7 Canadian Maru Household Index (MHOI). The last…
Over One-Third of Canadians Say They Don’t Have Over 2 Months of Emergency Savings: Poll
One-Third of Canadians Say They Have Less Than 2 Months of Emergency Savings: Poll
Many Canadians have just two months or less in savings to manage an emergency, according to a new Maru public opinion poll. Sixty-two percent of Canadians, down from 65 percent last month, believe they have money in reserve for unexpected costs or needs, according to the March 7 Canadian Maru Household Index (MHOI). The last…
More Than 50 Percent of Americans Using Savings for Everyday Expenses: Study
More Americans are dipping into their savings in order to make ends meet amid crippling inflation, according to new data published in the Country Financial Security Index. The data come as the overall pace of annual inflation eased to 6.4 percent in January, down slightly from 6.5 percent in December 2022, according to the Bureau of Labor Statistics…
Household Income Growth Expectations Register Biggest Drop Ever: NY Fed Survey
Expectations for U.S. household income growth saw its largest decline in January, even as short-term inflation is expected to remain elevated, the latest data from the Federal Reserve Bank of New York’s Survey of Consumer Expectations shows. “After increasing each month since September of last year, the median expected growth in household income dropped by…
American Households Burn Through Pandemic Savings, Lose Spending Power Amid High Inflation
The savings cushion that many Americans built up during the COVID-19 pandemic is dwindling as people struggle with elevated decades-high inflation, with the overall savings rate dropping below pre-pandemic levels, to its lowest in almost 15 years. In January 2020, the personal saving rate of American citizens was 9.1 percent, according to data from the…
Benefit Cuts of 23 Percent—and 4 Other Things to Know About the Government’s New Social Security Projections
News Analysis A new Congressional Budget Office report projects an even more dire outlook for Social Security’s future than was previously calculated. Without action to fix the situation, huge benefit cuts for recipients will begin in 2033. And preventing those cuts will require massive tax increases for working Americans beginning immediately. In contrast to the Social Security trustees’…
How to Prepare for Retirement If You Don’t Have $1.2 Million
The amount of money the experts say you need for retirement is being tossed around a lot lately. Some say that you need $1.2 million to have a happy retirement. Most people will never be able to accumulate that much money in savings. If you are in that category, here are some tips on how…
The Call of the Entrepreneur | Documentary
This film is only available in the United States because of territorial licensing. A merchant banker. A failing dairy farmer. A refugee from communist China. One risked his savings. One risked his farm. One risked his life. * Click the “Save” button below the video to access it later on “My List“. – Feature Films:…
Year-End Finance Tips for Families
The end of the year is a busy time. Last-minute pushes for school and work and the holiday rush makes November and December frantic. But this is a good time to examine finances and plan for the new year. So, take the time to cross these financial tips off your to-do list. Assess Your Spending…
Inflation Is Crushing Americans’ Savings—Here Are 6 Tips to Protect Your Money
By Sarah Foster From Bankrate.com Building up a stable cushion of cash you can rely on in emergencies seems daunting even in normal economic times. Add the steepest loss of Americans’ purchasing power in more than 40 years into the mix, and the task can seem next to impossible. Prices have climbed on almost every…
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