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‘AMERICANS ARE FINALLY SAVING. HOW DID THAT HAPPEN?,’ in the N.Y. Times. Savings rate at 16 year high.
9 hours ago ago from Want Less Blog
THIS was the year of the return to financial sobriety — if you judge such things by the nation’s personal savings rate. That rate — which was 4.4 percent in October, according to the Commerce Department’s Bureau of Economic Analysis — subtracts what we collectively spend from what we make and then expresses the result in percentage terms. In 2009, it has ranged from a low of 3.4 percent in February to a high of 6.4 percent in May, which ...
Related contentFed Leaves Rates Low -- Leaving Savers High and Dry
10 hours ago ago from XChange - The NBR Blog
In my blog post Wednesday , I offered up a quick primer on how the Federal Reserve's key federal-funds rate -- the interest rate at which banks lend to each other overnight -- influences the interest rates charged on various types of consumer credit lines (mortgages, credit cards, auto loans, and the like). In most cases, a low federal-funds rate translates into lower finance charges for consumers. But some readers pointed out that while ...
Related contentResearch Highlights High Level Of Insurance Claims For Pedigree Dogs
23 hours ago ago from Business & Finance News | Stock Market | equity | Investment
by 24-7 news on 2009/12/18 in International LONDON, ENGLAND, December 18, 2009 /24-7PressRelease/ New research from Sainsbury's Finance, who offers competitively priced pet insurance, reveals that during the first six months of 2009, the number of pet insurance claims for the top 10 most popular pedigree dogs amounted to around 48% of the total number of these breeds it insures. Lucy Hunter, Sainsbury's pet insurance ...
Related contentAn Introduction To Interest Rates
56 minutes ago ago from YodZiaN.CoM | Finance and Loan Information
Interest is one of the more important aspects of dealing with banks and other lenders? depending upon the type of account or loan that you're dealing with, the interest can either make you money or cost you money. A variety of different factors can determine how much interest you receive or how much you pay, in the case of loans and credit lines. Below you'll find several examples of accounts that are either paid interest or that ...
Related contentThe Banks Are Being Paid To Borrow
20 hours ago ago from FX Instructor Forex Blog - For Traders, By Traders
With all the talk about the Fed possibly raising interest rates in 2010, it’s important to remember that overall Fed policy will remain expansionary for several more years at least. In fact, banks who borrow at the overnight rate are actually getting paid to borrow, a situation that is likely to persist for an “extended period” (to borrow the Fed’s phrase). This can be seen by looking at the real (inflation adjusted) cost of funds. ...
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With rates so low, where should you put your cash?
8 hours ago ago from U.S. News
With rates so low, where should you put your cash? CHICAGO (AP) -- Life without inflation is easier on consumers, taming prices on everything from food and lodging to clothing and heating fuel. It sure can make it tough to find a decent rate of return on their cash, though. That challenge just got prolonged with the Federal Reserve's announcement this week that it intends to hold interest rates at a record low for "an extended period." ...
Related contentOptions for stashing your cash
7 hours ago ago from U.S. News
Options for stashing your cash Those who lament the scant rates on their savings may want to review where they stand. Here is a quick look at low-risk options and some of the pluses and minuses of stashing your cash in each: SAVINGS ACCOUNTS Banking your savings the old-fashioned way can seem particularly unsatisfying when it's earning less than 1 percent a year. That still outpaces inflation - for now. Ease of access and a high ...
Related contentYour Money: Americans Are Finally Saving. How Did That Happen?
8 hours ago ago from The New York Times
This was the year of the return to financial sobriety if you judge such things by the nation's personal savings rate. Your Money Guides Household Budgeting Your Money Ron Lieber writes the Your Money column, which appears in The Times on Saturdays. Ron Liebers Columns » How much money did you save in 2009, and why? That rate which was 4.4 percent in October , according to the Commerce Department's ...
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