Asian Spectator

Men's Weekly

.

Americans’ personal savings rate is near an all-time low – an economist explains what it means as a potential recession looms

  • Written by Arabinda Basistha, Associate Professor of Economics, West Virginia University
Americans’ personal savings rate is near an all-time low – an economist explains what it means as a potential recession loomsIs Americans' low savings rate a problem?Maneerat/EyeEm via Getty Images

The rate at which Americans are saving money has dipped close to an all-time low, according to the Bureau of Economic Analysis. The personal savings rate was 2.3% as of October, down from 7.3% a year earlier. It’s the lowest since July 2005, when the rate hit a record...

More Articles ...

  1. This course teaches students how to connect with older adults to forge intergenerational bonds and help alleviate loneliness and isolation
  2. Why winter solstice matters around the world: 4 essential reads
  3. How an American magazine helped launch one of Britain’s favorite Christmas carols
  4. Disney's Black mermaid is no breakthrough – just look at the literary subgenre of Black mermaid fiction
  5. Chickenpox and shingles virus lying dormant in your neurons can reactivate and increase your risk of stroke – new research identified a potential culprit
  6. The Jan. 6 committee makes its case against Trump, his allies and their conspiracy to commit an insurrection: Five essential reads
  7. 2022's US climate disasters: A tale of too much rain – and too little
  8. China's lucrative orchid industry is a test for the nation's commitment to conservation
  9. A recipe for trustworthy journalism
  10. What the criminal referral of Trump means – a constitutional law expert explains the Jan. 6 committee action

Magazine

Terjebak budaya sungkan: Enggan komplain bisa menghambat perbaikan pelayanan publik

Sejumlah orang sedang menunggu antrean di ruangan di suatu fasilitas pelayanan publik di Jakarta. Zulkarnain.B/Shutterstock● Masih banyak masyarakat enggan komplain karena budaya sungkan dan tid...

Kamu nyaman curhat dengan AI? Hati-hati kena gangguan mental

Seorang perempuan sedang duduk sambil curhat dengan robot humanoid AI di sebuah ruang tamu.VesnaArt/Shutterstock● Kaum muda kini sering menjadikan ‘chatbot’ AI sebagai teman curhat.&...

Cemas saat berulang tahun? Simak tip psikolog untuk hadapi ‘birthday blues’

DavideAngelini/ShutterstockUlang tahun biasanya jadi momen membahagiakan penuh dengan tawa, perayaan, dan hadiah. Namun, tak jarang menjelang ulang tahun, kita justru merasa sedih.Ulang tahun dapat me...