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New data from the Bureau of Economic Analysis (BEA) has revealed that Americans are slowing their savings, despite an increase in their income. Personal income rose $155.3 billion (0.7%) in October, according to the bureau’s estimates, and personal disposable income (DPI) rose $132.9 billion (0.7%) . The downside: increased income has not translated into greater …

The personal savings rate of Americans has reached its lowest level in 17 years. Experts explain why and offer 3 strategies to increase your account balance Read More »