Refinance Monthly Mortgage- Reduce ... Jun 2, 2009
Your personal savings rate (percentage of income). Your personal federal and state tax rate (the combined percentage). (Suite101.com)
Save the economy, not money May 30, 2009
Total personal savings jumped from $20 billion in the first quarter of 2008 to a whopping $453 billion during the same period of 2009. The real danger, however, is if the savings rate goes to 7 or 8 percent. (Albany Times Union)
Recession seen ending in '09; then economists see uneven ride May 28, 2009
Americans' personal savings rate edged up to 4. 2% in March, marking the first time in a decade that the savings rate has been above 4% for three straight months. (USA Today -- Money)
Here's good news about your net worth May 28, 2009
While it has not declined 30 to 40 percent in value over the past year like many people's personal savings, it still faces major threats. The financial downswing creates new pressures to balance state and local government budgets by hacking away at critical services and programs. (San Francisco Chronicle -- Science)
Pimco New Normal of 2% GDP as Jobless Growth Coincides With Bullish Biggs May 27, 2009
The personal savings rate, which averaged 0. 9 percent from 2004 through 2007, has climbed to 4. (Bloomberg)
Can America's Urban Food Deserts Bloom? May 27, 2009
As he built his personal savings and a base of industry contacts, he noticed the growth of stores like Trader Joe's and Whole Foods in Chicago and its suburbs. "This should be on the South Side," he recalls thinking. (Time.com)
Downturn finds nervous workers going into business for themselves May 24, 2009
After some heavy soul searching, Heinz made the leap and quit her job last September; mostly funding the franchise with their personal savings. We kept saying, Are we doing the right thing. (Helena Independent Record)
Promoters roll the dice to book quality musicians May 22, 2009
In the short term, though, the money is coming from his personal savings. He and his wife are schoolteachers and parents of three children. (Fresno Bee)
SBA loans help entrepreneurs launch varied local businesses May 19, 2009
Then he took out $300,000 in personal savings to pay franchise fees and build a kitchen in the food court of the Royal Hawaiian Center in Waikiki. The SBA approved his loan amount of $291,600 in May 2008, five months after he submitted his application and well after construction began on the 650-square-foot space. (Pacific Business News, HI)
Are You Ready to Make Real Money? May 15, 2009
India has a younger workforce; Chile a large budget surplus and abundant natural resources; China a massive population with significant personal savings; and Brazil and Peru growing resource economies that are developing stronger and stronger ties with China. Thus, these countries can hold up to some degree even as the U.S. falters, though complete decoupling is unlikely. (MSNBC -- Business)
Letter: URD for Corvallis is like having money in the bank (May 15) May 15, 2009
The urban renewal district is equivalent to a personal savings account. It is as if you had your yearly cost of living increases automatically put into an account for savings. (Corvallis Gazette Times, OR)
Bouncing biz May 11, 2009
After some "heavy soul searching," Heinz made the leap and quit her job last September; mostly funding the franchise with the couple's personal savings. "We kept saying, 'Are we doing the right thing?''" she said. (The Palm Beach Post)
NUMBER OF UNEMPLOYED GETTING BENEFITS CLIMBS TO RECORD... May 8, 2009
The Commerce Department last week said the personal savings rate edged up to 4. 2 percent in March, marking the first time in a decade that the savings rate has been above 4 percent for three straight months. (The Drudge Report)
Consumer credit falls at fastest pace in 18 years May 8, 2009
The Commerce Department last week said that the personal savings rate edged up to 4. 2% in March, marking the first time in a decade that the savings rate has been above 4% for three straight months. (USA Today -- Money)
How Right Was Reagan? May 7, 2009
Nevertheless, 30 years later, in an America where the government and the media report a higher rate of personal savings and lower consumer credit-card debt as bad news, where patriotism has become defined in terms of getting and spending, where populist ideology threatens to wipe out property rights, and where Wilsonianism endures as the prevailing orthodoxy in foreign policy, we need to think beyond both Carter and Reagan. We need to ask perhaps the most conservative question of all: What kind... (The American Conservative)
Retirement plans washed away by economic tide May 4, 2009
Meagher s personal savings and retirement accounts took a hit during the stock market downturn, forcing the Grover Heights Elementary School teacher like so many other educators to delay her classroom exit ... To flesh out her pension, Meagher faithfully poured money into her personal savings, which primarily consisted of numerous stocks and an annuity ... Even with her personal savings ravaged, Meagher still might have retired along her original timeline if certain laws did not prevent her from... (Lompoc Record, CA)
Mary and Fred feel pinch, too May 4, 2009
1 million kroner - a cost that will have to come out of Frederik's "personal savings". The figures were in the annual report of the Danish royal court published on Friday. (Sydney Morning Herald -- Australia)
Letter: Yet another view of Twin Bridges school board May 2, 2009
dgsma wrote on May 1, 2009 3:58 PM:" "Let it go"? Citizens unable to be heard, a superintendent who uses district funds as his personal savings and loan, not to mention behavioral issues and declining morale among teachers and staff? Sorry, but not letting it go is the only way to keep the district from being hijacked again. ". meanmom wrote on May 1, 2009 8:56 AM:" When it comes to complaints against our excellent teaching staff and administration, the speaker is required to follow simple... (Montana Standard, MT)
Newsweek: The battle to educate girls in Afghanistan May 2, 2009
After her own hopes of being a gynecologist were dashed because the forced her Afghan-run university in Pakistan to close, pooled her personal savings with that of a few other women, founding the only girl's school in Godah. Since then the system has expanded, and her organization, the Oruj Learning Center, has started five more, though not without difficulty. (MSNBC -- International)
China and the worldshare the pain May 1, 2009
Also, personal savings in China have reached over $3 trillion, which offers an economic foundation for well-to-do Chinese travelers to see other nations. The strengthening yuan is also a positive factor. (Asia Times Online)
U.S. consumer spending falls in March May 1, 2009
After-tax incomes were flat in March, leaving the personal savings rate at 4. 2 percent, an improvement from a year ago when the rate was near zero. (MSNBC -- Business)
Jobless claims, consumer spending dip May 1, 2009
The personal savings rate rose to 4. 2 percent from 4 percent in February. (MSNBC -- Business)
Five Tips for Retirement Planning in a Challenging Economy Apr 19, 2009
Make the most of your personal savings. Despite the uncertain economy, remain calm. (Ontario Argus Observer, OR)
Walker: Why your taxes could double Apr 17, 2009
Personal savings, while experiencing an uptick lately because of the recession, have been too low for too long. As a result, when our government has to borrow money, it must increasingly turn to lenders overseas. Effectively addressing these issues will require tough choices and comprehensive reforms, including , changes to our entitlement programs, reductions in health care costs, other spending cuts, and yes, tax increases. (CNN -- US)
Boomers Go Long, But are they Falling Short? Apr 15, 2009
Staying mentally active is of secondary importance, but money is by far the top concern. In some cases, Boomers may discover they need to work fewer years than anticipated to realistically meet their retirement goals. (Canada Newswire)
Averting depression as the US consumer fades Apr 14, 2009
The personal savings rate has risen from 0. 8% to 4. (The Star Online, Malaysia -- Business)
Acacia Builders open for business Apr 14, 2009
Personal savings and a business line of credit with. What was your start-up cost. (Nashville Business Journal, TN)
Sweet enterprise: Recession good for treat sales Apr 13, 2009
She spent several months preparing a business plan and experimenting with recipes before investing $50,000 in startup costs using personal savings and a credit card. Her initial marketing involved word-of-mouth or chocolate-to-mouth and cold calls in which she would deliver samples for potential clients. (Milwaukee Business Journal, WI)
HINGHAM COMMENTARY: Civil discourse, mutual respect Apr 10, 2009
Over the past year, most people have had personal savings reduced by 30-40 percent, many have had their incomes reduced because of economic conditions, some have lost jobs, and all have seen increased fees, taxes, and energy costs. Increases in federal and state taxes and fees are expected and will further erode most families purchasing power. (Hingham Journal, MA)
COLUMN: Americas consumer pigs need a different diet Apr 10, 2009
So, while countries like China and some of our European Union friends have been blaming us for borrowing too much, they ve been perfectly willing to fatten their own personal savings rates and their own trade surpluses on the backs of U.S. consumers. And we consumers were all too willing to take on debt and keep the rest of the world working. (Marblehead Reporter, MA)
Planning for retirement Apr 4, 2009
Loke advises that instead of relying solely on ones EPF and personal savings, Malaysians should consider early financial planning, which would save them the stress of dealing with insufficient retirement funds or seeking prolonged employment to ensure financial stability. We could plan ahead with investment-linked insurance plans to counter the effects of inflation. (The Star Online, Malaysia -- Business)
Meltdown 101: Rising Savings Could Slow Recovery Mar 29, 2009
The personal savings rate, which was hovering near zero just a year ago, is now at the highest level in more than a decade as a severe recession causes Americans to tighten their belts ... The Commerce Department reported Friday that the personal savings rate stood at 4 ... Q: What is the personal savings rate. (ABC News -- Wire)
OUR VIEW: Consumers signs of spring Mar 28, 2009
The same story reported Americans rate of personal savings remained higher than 4 percent of after-tax income. Februarys figures mark only the second time in more than a decade that has been achieved. (Gaylord Herald Times, MI)
Consumer Spending Up for 2nd Month Mar 28, 2009
With incomes down while spending rose, the personal savings rate dipped slightly to 4. 2 percent in February, compared to 4. (Time.com)
Consumer Spending up, but Income Sags on Job Cuts Mar 28, 2009
Consumer belt-tightening has caused the personal savings rate, which was hovering near zero a year ago, to jump sharply. It stood at 4. (ABC News -- Wire)
Stormy waters call for a tightly run ship Mar 27, 2009
New economic reality means Canadian families need to create their own stimulus package, experts say. From Thursday's Globe and Mail. (Globe and Mail)
Record decline hits Irish economy Mar 27, 2009
But he is remaining positive believing the decline in sales is "indicative of the flexibility of Irish society and their willingness to drive down debt and increase their personal savings". Bookmark with. (BBC News -- Europe)
Barack Obama's Top 5 Bart Simpson Moments Mar 26, 2009
Location: MN Reply # 2 Date: Mar 25, 2009 - 3:45 PM EST Back to #2 Fla Dem So why did President Bush get stonewalled by a minority house and senate unless it was one of their pet projects promised for years,such as prescription drugs, education and immigration reform, even personal savings accounts were a democrat idea, I seem to remember reading an article that President Bush was counciled by Democratic senator Patrick Moynihan from New York , Hillary Clinton's predessor. Than there is our... (Townhall.com)
Seven youths charged with stealing $10,000 Mar 25, 2009
Inside the home, Gill went into a locked room and located an envelope that contained the resident s personal savings, Nelson said. All four females with the envelope returned to the van, which was parked down the street in a lot. (Utica NY Obserer, NY)
Tax code escalates as Democrats' power tool Mar 23, 2009
The personal savings of many small investors were wiped out. The Internal Revenue Service announced last week that the tax agency had issued two rulings intended to soften the losses for the thousands of individual and institutional investors taken in by financial scams, such as the $64 billion scheme operated by Madoff. (Insight on the News)
The flight to safety are they still safe? Mar 21, 2009
The flight to safety are they still safe (The Star Online, Malaysia -- Business)
Sen. Shaheen invites local business owner to share story, ideas Mar 19, 2009
Historically, if funding dries up for a small business owner, theyve relied on their own personal savings, but for many people who have invested in the stock market, thats been depleted as well. . (Seacoast New Hampshire)
Congratulations on another good seasonBut lets work on strengthening bonds between OIT, community Mar 18, 2009
Economic forces that even economists don t understand have devastated personal savings and wiped out millions of jobs. Trillions of dollars of value have disappeared. (Klamath Falls Herald & News, OR)
U.S. imports and exports decline in January Mar 16, 2009
Joshua Shapiro, chief U.S. economist at the research company MFR, said that the gap between imports and exports was likely to narrow even further as the United States weathers a prolonged economic decline, and Americans increase their rate of personal savings and pare their spending. "It will not represent good news to trading partners who have much spare capacity that had been used to produce mountains of products for the U.S. consumer," Shapiro said in a note. (International Herald Tribune -- Business)
Rainy-day savings time Mar 15, 2009
Although we can t speak to specific percentages for personal savings rates, we are definitely seeing an increase in deposits, Johnson said. In terms of general trends, people in the local area seem to be saving more, spending less, and paying down debt. (Helena Independent Record)
A leaner budget on the way for 2010 Mar 13, 2009
However, just as you have to be prudent with your personal savings, the city must use rainy day funds responsibly so that we maintain savings for the future. The use of reserve funds will be supplemented with one-time funding from the federal Recovery Act to further bridge the FY 2010 budget gap. (Rsolindale Parkway Transcript, MA)
How to lie about cap-and-trade Mar 13, 2009
Do you remember, back in early 2006, when we learned that the personal savings rate for Americans had turned negative in 2005, for the first time since the Great Depression, how the news was dismissed by some optimists as misleading, because the net worth of Americans -- as represented by their homes and stock portfolios -- was steadily appreciating ... But last year's low personal savings rate was no "crisis." And the sensational analogy with 1933 was sensationally ridiculous. (Salon)
Fiscal Responsibility Is Killing Retail Mar 12, 2009
As of January 2009, the personal savings rate rose to 5% of disposable income. From a long-term economic standpoint, this is welcome news. (MSNBC -- Business)
More businesses using freelancers... Mar 9, 2009
You should start by putting 30 percent of the money you make into an account, one that you keep separate from your personal savings, McKillips said. She also recommended getting a good accountant -- one who's very familiar with -- and an attorney. (CNN -- Law)
* Post Office to halt savings from private corporations Mar 9, 2009
The companys savings and remittance director Chou Ruei-yun (Q) said yesterday that Article 1 of the Postal Savings and Remittance Act (lFxIk) clearly indicates that postal savings accounts were created to encourage personal savings. INAPPROPRIATE It then becomes inappropriate for the post office to allow private corporations to save in postal savings accounts, because by law corporations are defined as business juridical persons and are not considered individuals, she said. (Taipei Times, Taiwan -- World Business)
Borrowing in U.S. rises unexpectedly Mar 7, 2009
The government reported Monday that the personal savings rate jumped to 5 percent in January, the highest level since 1995. Many economists believe consumer spending and borrowing will remain weak at least through the first half of this year. (International Herald Tribune)
ABCNEWS: Obama's 'mischaracterization of data'... Mar 6, 2009
Finally, since 1/20/09, the Sour 401K's, union retirement funds, personal savings, etc is down 20. Try to be honest in your communication. (The Drudge Report)
The Biggest Bubble the World Has Ever Seen Mar 6, 2009
Add it upOur personal savings rate is going up, but it's still not nearly enough to finance our ambitions. In other words, between massive spending deficits and financial bailouts, we're relying on the irrationality of global investors' flight to Treasuries at the exact time those same investors are planning the endgame. (MSNBC -- Business)
Debt-free business still possible Mar 5, 2009
When she started the firm 11 years ago and was signing all the papers, she realized she was putting her house and personal savings on the line. It was then she understood that she couldn t go into debt. (Atlanta Journal-Constitution -- Business)
No new light shed on why BA closed local mans accounts Mar 4, 2009
His personal savings account at BA averages about 200,000. Raised suspicions. (Nogales International, AZ)
ABCP pushes Desjardins losses to $476-million Mar 3, 2009
In Quebec, Desjardins is the leading supplier of residential mortgages, farm credit and personal savings accounts, with assets growing 5. 7 per cent to $152. (Globe and Mail -- Business)
Spend? Save? There's no easy answer Mar 3, 2009
The Commerce Department reported Monday that the personal savings rate jumped to 5 percent, the highest level since 1995. On the other hand, consumer spending rose in January after falling for a record six straight months. (AZCentral -- Business)
Consumer spending rebounded in January Mar 3, 2009
The personal savings rate surged to 5 percent, the highest level since 1995 as consumers continued to sock away more of their incomes amid the deepening recession. The 0. (MSNBC -- Business)
Downtown seeks shake up as businesses move, open or shutter Mar 3, 2009
NotMistaken wrote on Mar 2, 2009 5:09 PM:" To bad all that optimism of the experts just a few months ago about Missoula dodging the recession has turned out to be dead wrong - let's hope this new optimism by the no-so-expert experts is a little more on the money. If I'm not mistaken, most of the businesses downtown survived not on the money that came in the front door but money thru the back, personal savings, spouse's income, financial winfalls, inheritance, trust funds, third party investors,... (Missoulian, MT)
Top Aides To Promote Obama Budget Plan Mar 3, 2009
The personal savings rate has skyrocketed as Americans begin to put more money away ... In just six months, the personal savings rate has skyrocketed at an unprecedented rate - from less than 1 percent to 5 percent, the highest since 1995, Mason reports. (CBS News -- US)
Wall Street Hits Another Dubious Milestone Mar 3, 2009
The personal savings rate has skyrocketed as Americans begin to put more money away ... In just six months, the personal savings rate has skyrocketed at an unprecedented rate - from less than 1 percent to 5 percent, the highest since 1995, Mason reports ... (2:05)The personal savings rate has skyrocketed as Americans begin to put more money away. (CBS News)
Consumer spending, manufacturing better than expected Mar 3, 2009
The personal savings rate surged to 5%, highest since 1995, as consumers continued to sock away more of their incomes. "It is good that people save, but it is not good that everybody saves at the same time," said Scott Brown, chief economist, Raymond James & Associates. (USA Today -- Money)
Another Grim Day Dawns On Wall Street Mar 3, 2009
The personal savings rate has skyrocketed as Americans begin to put more money away ... (2:05)The personal savings rate has skyrocketed as Americans begin to put more money away. (CBS News -- US)
Japan Auto Sales Take February Nosedive Mar 3, 2009
(2:05)The personal savings rate has skyrocketed as Americans begin to put more money away. But, as Anthony Mason reports, less spending isn't good for Wall Street. (CBS News -- World)
Aid in Kenya takes hit from downturn Mar 1, 2009
With just $500 (U.S.) in personal savings and donations from the community, Ole Sanyo has stocked the Mando office previously furnished with just a simple desk and computer with essential foodstuffs, turning it into a small community stall. The small profits the stall makes go back into the community projects. (Globe and Mail)
