America Saves Blog
Tips, advice, and the latest news from the savings world.
New research from the Federal Deposit Insurance Corporation (FDIC) shows that the number of U.S. households without a bank account is declining. Just 7 percent of U.S. households were unbanked in 2015, down from 8.2 percent in 2011, according to the National Survey of Unbanked and Underbanked Households.
America Saves recently sat down with two economists who often have different views in the first of four conversations about savings issues that impact not only the national economy, but our families as well.
New research from Harvard and Princeton shows that in the last decade, the percentage of workers in “alternative work arrangements,” including contract and freelance work, increased 50 percent. The gig economy is booming, and with it the number of platforms designed to help you find contract work or sell your services directly.
America Saves is launching the first in a series of four conversations with economists Aaron Klein, fellow in economic studies and policy director of the Initiative on Business and Public Policy at the Brookings Institution, and Mark Calabria, director of financial regulation studies at the Cato Institute, on large economic questions and how they impact the financial well-being of individual households. In the first video of the series, which we're calling America Saves Conversation with the Economists, we asked about the role of holiday spending in the nation’s economy.
By FINRA Investor Education Foundation Staff
Managing debt is a major concern of many Americans. Nearly four out of five Americans carry at least one of the following types of debt measured by the FINRA Foundation’s 2015 National Financial Capability Study (NFCS): mortgage or home equity loan; credit card balance; auto loan; student loan’ non-bank borrowing; or unpaid medical bills. And 40 percent of Americans reported thinking they “have too much debt right now.”