Saving rate in us
Last Updated Jun 26, 2009 12:36 PM EDT The personal savings rate jumped to 6.9 percent in May, according to the Bureau of Economic Analysis. While there is much debate about how to accurately measure household savings, clearly people are spending less. The question is, are you actually saving more? It's one thing to stop spending, but it's another to have a strategy for the cash you aren't spending. Without a strategy, you'll likely find that your thrift hasn't translated into a higher net worth. What often happens is people cut back on spending, accumulate some cash and then end up spending it later. To make any meaningful difference in your finances, you've got to implement a practical and long term strategy for increasing your net worth. There are two basic ways to do it: pay down debt or add to your retirement accounts. Both approaches offer the opportunity to permanently and positively alter the course of your finances.Pay Down Debt. Since debt is the biggest challenge for many … [Read more...] about Personal Savings Rate Jumps: Did Yours?
Potential CBS mate (yes, again) sees revenue drop 8 percent Tony Maglio, provided by Published 4:10 am, Thursday, February 8, 2018 Image 1of/1 CaptionClose Image 1 of 1 Viacom Beats Q1 Earnings Forecast Despite Declines in US TV Ratings, Paramount’s Box Office 1 / 1 Back to Gallery Viacom outdid Wall Street’s first-quarter earnings expectations, but with declines in domestic TV ratings and at Paramount Pictures’ box office ticket sales, the company didn’t hit media analysts’ revenue mark. The street had forecast earnings per share (EPS) of 94 cents on $3.14 billion in revenue, per a Yahoo Finance-compiled consensus. Viacom actually earned an adjusted $1.03 per share on $3.07 billion in revenue. With the benefits of a big tax cut, Viacom reported nice net earnings growth and GAAP EPS of $1.33 per share. Thanks, government! Also Read: Viacom Begins Layoffs: Read CEO's Internal Memo to Staff Latest … [Read more...] about Viacom Beats Q1 Earnings Forecast Despite Declines in US TV Ratings, Paramount’s Box Office
0 View Comments WASHINGTON (AP) — Americans increased their spending 0.4 percent in December, a solid pace but slower than the big spending burst seen in November, while their saving rate fell to a more-than decade low. The Commerce Department said Monday the spending gain followed a 0.8 percent surge in November. Incomes were up 0.4 percent, helped by a healthy rise in wages that reflects the fact that unemployment is at a 17-year low of 4.1 percent. But the saving rate fell to 12-year low of 2.4 percent, the lowest level since a 2.3 percent rate in September 2005. The low level underscores the fact that wage gains have only recently started to rebound following years of weak gains. That has forced Americans to dip into their savings to support their higher spending. Recent declines in the saving rate probably also reflect the recent rise in net wealth that has been propelled by a surge in the stock market. Households tend to spend more and save less as their assets such … [Read more...] about US consumer spending up in December, while saving rate fell
A typical syringe costs about seven cents, but for Hansel Tookes, it's worth much more. For 13 months, the University of Miami doctor and medical professor and a team of staffers have been exchanging used needles for clean ones as part of a five-year pilot program in Miami-Dade County to cut down on the spread of HIV, hepatitis C and other blood-borne diseases among drug users. Each syringe is more than just pennies: It's one less opportunity to spread disease and one less chance to injure someone who might come across discarded needles in the street, Tookes says. It also means one more opportunity to work with hundreds of drug users who might not otherwise get access to the program's life-saving overdose reversal drugs or substance abuse counseling. Amid a ballooning opioid crisis across the state, advocates in areas including Tampa and Palm Beach County want similar programs. But the same 2016 law that created Miami-Dade's test run underscores a reality for the rest of the state: … [Read more...] about This needle-exchange program is saving lives in Miami-Dade. Now it could be coming to Tampa Bay.