Newspaper article from our research archive:
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More month than money
- Article from:
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Westside Gazette
- Article date:
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September 30, 2004
- Author:
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Copyright informationCopyright The Gazette Newspaper Group Sep 30-Oct 7, 2004. Provided by ProQuest LLC. (Hide copyright information)
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Running out of money before running out of month is a common problem not restricted to working class people. Our national savings rate reveals that, on the whole, Americans are pretty dismal savers. Having a hefty income, more often than not, appears to mean hefty expenses as well.
For quite some time now we have been spending as much or more than we earn and consumer debt levels are at or near all time highs. Our political leaders seem to want us to both spend more to stimulate the economy and save more to fund the deficit. A neat trick, if our incomes don't go up and we're already up to our necks in debt.
I for one am a strong advocate of increased savings. Our personal balance ...
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