of ones yearly salary is what the average America saves nowadays. In the late 1970's, early 1980's, the average American saved 11% of it's yearly salary. Less than one of half of one percent-that is a very scary statistic.
National Public Radio is running a week long series on money,debt, and finances. Click here for the link to the first installment of the series. There is also a link on that page to the podcast.
Tomorrow, NPR will be interviewing and speaking with a woman is who struggling to get out of credit card debt. I am a fan of NPR and it's reporting, and I am curious to hear their series on Americans, debt, finance and the what not. Should be interesting!