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Kids saving for college, cars

One of the upsides to a down economy is that children are learning to save money. Although the recession is unofficially over, the state of the economy has not been lost on young consumers and savers. Children and youths are primarily saving for college and cars. A U.S. Bank back-to-school survey of 1,500 children, ages… Continue Reading Kids saving for college, cars

WASHINGTON (AP) – Households pushed their savings rate to the highest level in more than 15 years during May as a big boost in incomes from the government’s stimulus program was devoted more to bolstering nest eggs than increased spending. The Commerce Department said today that consumer spending rose 0.3 percent last month, in line with expectations. But… Continue Reading May incomes surge, but saving outpaces spending

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