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Majority of People You Know Are Living Paycheck-to-Paycheck

Budgets Sucks

New findings from LendingClub paint a picture of people sliding back into just getting by financially. 61% or 203 Million Americans are Living Paycheck To Paycheck, Up from 55% a Year Ago. At the same time, the average savings amount dropped to $10,757 in June 2022. People are wandering more towards the financial edge despite … Read more

Why I’m Betting the High Personal Savings Rate Will Fall

Currently some people are all excited about the personal savings rate in America. They feel it shows that people are becoming more frugal and prudent in the way they handle their money. The last reported personal savings rate as I write this was 6.9% in May, 2009. And that’s great, but it is not the … Read more