Article Bookmarked
Bookmark Removed

Americans still hesitant to spend more


Jun. 26, 2014 CNN Money

Personal income rose 0.4% in May, according to the Bureau of Economic Analysis. It may not sound like much, but it marked the fifth straight month in a row that incomes rose. Not only that, but incomes are rising faster than inflation — an encouraging sign that people are gaining more buying power.

After accounting for both taxes and inflation, disposable income is up 1.9% from a year ago. This is an important development because consumer spending drives the bulk of the U.S. economy.

But here’s the catch: Consumers haven’t been going out and spending. Instead, they’re choosing to sock that money away.

Read More on CNN Money

Gene Upshaw Player Assistance Trust Fund

Apply Today

All Resources

Tell Me More

5 pandemic-driven financial habits worth keeping

A side hustle can help provide financial stability during uncertain times.

Read More

Help! I’m Afraid to Retire, Even Though I Can Afford to

Some tips to get you ready for what you've earned.

Read More

Major Debt Collection Changes Coming in 2021

The pros and cons to the updated rules around collection companies.

Read More

Biden Signs Stimulus Bill

When Will Your Third Stimulus Check Arrive?

Read More

Black people in rural areas continue to experience health disparities

Comparisons come from rates in diabetes, high blood pressure, heart disease, and stroke.

Read More

Creative Strategies from Single Parents on Juggling Work and Family

Flexible work schedules and strong support networks go a long way.

Read More

Key Insights From 2021's World Happiness Report

Three must-know insights from this year’s World Happiness Report.

Read More

1 in 4 Americans have no retirement savings

And those who do aren’t saving enough

Read More