06-01-2023 Dollars & Sense, Savings Rates in America Have Grown Tremendously

The weather is warming up in Massachusetts, the Celtics are unfortunately out of the playoffs after Game 7, and die-hard Red Sox fans are rooting for some wins. We’re sure you’re just as happy as we are that the debt ceiling situation is no longer a concern. Not that we were concerned, but it seems that we’re coming closer to an agreement which means we can focus on what really matters – things that we can control in our own financial lives.

 

More and more people are saving up cash in the bank – why is that? Are they scared to invest? Christian feels it happens at a few points in people’s lives, such as getting a big promotion or when your kids leave the house and are (finally) self-sufficient.

 

Tune in to this week’s episode of Dollars & Sense as Marc and Christian discuss why so many more people are saving their cash in the bank in a language you can understand.

 

A full complement of Dollars & Sense broadcasts found here.

 

DISCLOSURES:
During Dollars & Sense with Freedman Financial, your host, Marc Freedman, may discuss specific financial planning and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations.

 

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

 

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

Tracking #: 442831

 

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