Somewhere in the 1980s, we became a nation of spenders. The average savings rate as a percentage of disposable personal income from 1952 to 1985 was 9.0%. In 2005, it dropped to -0.4%.
After some adjustments to the 2005 numbers to make them reflect the paycheck cash flows of an everyday person, I estimated [...]
Filed under: Earn To Invest, Family | Tagged: budgeting, Family, personal finance, spending | No Comments »
Dana Kunz