Tips, advice, and the latest news from the savings world.
The following post comes from the America Saves blog.
By Joanne Seymour Kuster
The power of saving is underestimated.
Unfortunately, several years of dismal interest rates on savings accounts has caused many consumers to ignore the benefits of learning to be a saver. Even some who regularly socked away something have abandoned their steady savings habit. What’s the point?
The Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Consumer Financial Protection Bureau’s Office for Older Americans issued an investor bulletin, Planning for Diminished Capacity and Illness.