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Savings

Adventures in Housing

How a 24-year-old living with her parents spends her paychecks

by Maria Hollenhorst
Jan 6, 2023
After saving or investing around 40% of her income, Abigail Gomez has money left over for luxuries.
Abigail Gomez and her boyfriend, Kaden Cooper, in northern Utah. They hope to own a home together within the next year.
Courtesy Gomez
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The federal spending bill could make it easier to save for emergencies

by Samantha Fields
Dec 22, 2022
Employers that offer retirement plans would also be able to offer a separate emergency savings plan.
Stefani Reynolds/Getty Images
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Americans are saving little — while they spend up a storm

by Samantha Fields
Dec 1, 2022
The personal saving rate declined in October to its lowest point since 2005. "A lot of people are close to the edge, unfortunately," an analyst says.
Consumers are increasingly dipping into their savings to pay for things — including basic expenses.
Jessica McGowan/Getty Images
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Why has it taken so long for savings account interest rates to start rising?

by Nancy Marshall-Genzer
Sep 16, 2022
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Online banks tend to pay the highest rates on savings accounts because they don't have the same overhead costs as brick-and-mortar banks.
Frederic J. Brown/AFP via Getty Images
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With rising home prices and stagnating wages, a new savings goal: Beyoncé tickets

by Jordan Mangi
Aug 4, 2022
Concert tickets might not break your soul like, say, buying a home in this market could.
The last time Beyoncé went on tour was 2016. Floor tickets in some cities went for over four figures on the resale market.
Frank Micelotta/Parkwood Entertainment via Getty Images
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Consumers are spending up a storm — and spending down their savings

by Mitchell Hartman
May 27, 2022
Even though they're pessimistic about the economy and economists worry about a recession.
Americans are spending more money than they've got coming in each month.
Patrick T. Fallon/AFP via Getty Images
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Survey finds many Americans unprepared for $1,000 emergency expense

by Justin Ho
Jan 19, 2022
According to the Bankrate survey, 20% would need to use a credit card to pay off a big emergency expense and 10% would borrow from family or friends.
Inflation is part of what's chipping away at Americans' savings.
szefei/Getty Images
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We're back to saving less

by Matt Levin
Dec 23, 2021
The personal savings rate dropped in November to its lowest level since December 2017.
After squirreling away money at the heights of the pandemic, Americans are reverting back to their pre-COVID spending habits.
skynesher via Getty Images
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About a quarter of Americans have no emergency savings

by Amanda Peacher
Jul 21, 2021
A Bankrate.com survey found that while the pandemic has afforded some the opportunity to save money, many low-income households could not.
Around 25% of Americans report having no emergency savings, up from 21% in 2020, per a new Bankrate.com survey.
Hugh Pinney via Getty Images
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COVID-19

People adopted better financial habits during the pandemic

by Mitchell Hartman
Jun 22, 2021
Two recent surveys show a trend toward increased financial discipline.
Ridofranz via Getty Images
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