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

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

The federal spending bill could make it easier to save for emergencies

Dec 22, 2022
Employers that offer retirement plans would also be able to offer a separate emergency savings plan.
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Americans are saving little — while they spend up a storm

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.
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Why has it taken so long for savings account interest rates to start rising?

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.
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Consumers are spending up a storm — and spending down their savings

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.
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Survey finds many Americans unprepared for $1,000 emergency expense

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.
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We're back to saving less

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.
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About a quarter of Americans have no emergency savings

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.
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People adopted better financial habits during the pandemic

Jun 22, 2021
Two recent surveys show a trend toward increased financial discipline.
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