Savings Rate Surges as Economy Improves

The economy is getting better, at least in some households, according to a new Money Journal poll, which found the savings rate is surging.

Destin, FL, March 20, 2013 --( The economy is apparently improving, at least in some households, according to a new survey. More than half of the respondents in the latest Money Journal poll said they have been able to put money into a savings account.

The online survey found that 55% of those polled are putting money into a savings account. The tough economy, troubled by the financial crisis, record number of foreclosures and historically high unemployment coupled with massive under-employment have made it difficult for many people to save money.

However, the other 45% said they were not able to deposit money in a savings account as they deal with the tough economy, working to pay bills and keep up with monthly living expenses.

The U.S. stock market has hit record highs in recent weeks, but for the majority of consumers paying the bills is hard enough. Before the financial crisis more than 80% of U.S. households had some amount of money invested in stocks, bonds or other financial investments. Since the financial crisis studies show that consumers have become weary about the markets and are holding back from investing in the greatest numbers since the Great Depression.

Expert business journalists, including those in stocks, bonds, real estate and banking provide detailed reports and forecasts for consumers to better protect themselves in the world of finance and save money at Money There are lots of ways to save money on all sorts of products and services provided through the website on everything from a home mortgage to power bills to the price of a tank of gas.
Money Journal
Rick Hanson
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