MoneyWise


Americans Are Saving More

August 30, 2018

MoneyWise is happy to report another tidbit of good news about the nation’s economy today. The Commerce Department reports the overall savings rate is up. If America had a piggy bank, it just might have a smile on its face. On this edition of MoneyWise, Rob West and Steve Moore show us how this news affects you. Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you have good credit and you just paid off your house and car, why would your credit rating have gone down recently?
  • If you currently have a good bit of debt due to a job loss, would it be alright to cut back on tithing? 
  • If your job is offering a pension payout and you took their offer and found another job, how would that affect your Social Security?
  • If you have a timeshare that you've never used for more than 30 years maintenance fees are high, how do you get rid of it? 

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