American Savings Rate Zeroes Out

Essay specific features

 

Issue:

Business

 

Written by:

Roger H

 

Date added:

July 27, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 738

 

Was viewed:

1936 times

 

Rating of current essay:

 
Essay content:

In addition, while the savings rate is falling, she reports that average net worth is rising which can be traced to the booming real estate market. Even with that, Americans are still not saving enough. Some ways Americans need to save money are putting money away in 401k plans and saving 10 percent of their salary a year because the government and corporations will not always be around to help those in need...
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However beginning in 2007 and through today, the housing market is now on a sharp decline, with foreclosures left and right. Mortgages that were given out on such easy credit a couple of years ago are now back firing on many banks when borrowers are not able to pay up, and banks are not able to sell those houses that they foreclosed...
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