Monday, April 28, 2008

Less Than One Half of One Percent...

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!

4 comments:

Tough Broad said...

ooh, thanks for the tip! I love NPR, too!

R@SpillingBuckets said...

Also love NPR, thanks for the links.

Jon said...

That's not bad... last I heard the savings rate was negative! We're getting better!

moneytummy said...

Half of one percent, hmmm. At least I'm not lower than the average these days ;)
Looking forward to reading your blog!