The savings rate in America as measured by the government has been zero or negative for years until now. The recession has been the wake-up call.
That savings rate is now 5 percent compared with a 0.1 percent rate a year ago—thanks largely to reduced spending.
It’s easier to increase spending than reduce spending, so Americans have been truly burdened. If you are needing to boost your savings and cut your spending, BillShrink.com has these tips: READ FULL ARTICLE
