{"id":2136,"date":"2021-03-31T14:33:35","date_gmt":"2021-03-31T18:33:35","guid":{"rendered":"https:\/\/www.thewealthguardians.com\/staging\/3023\/?p=2136"},"modified":"2022-01-06T16:41:14","modified_gmt":"2022-01-06T21:41:14","slug":"are-americans-saving-too-much","status":"publish","type":"post","link":"https:\/\/www.thewealthguardians.com\/staging\/3023\/are-americans-saving-too-much\/","title":{"rendered":"Are Americans Saving Too Much?"},"content":{"rendered":"

<\/p>\"\"\n

Among the many changes arising from the pandemic, one of the most noticeable was a change in American spending habits.<\/p>\n

A survey released in March 2021 by Pew Research shows that Americans have increasingly chosen to put away what extra money they have rather than invest. It spreads across all income levels, with a 32% increase of wealthier Americans saving more, 17% more for those at lower incomes, and an overall increase of 23%. Studies show that the total may amount to $1.8 trillion and is expected to increase to $2.5 trillion by the summer.1<\/sup><\/p>\n

What\u2019s the bottom line here? Wealthier Americans already tend to put away cash, and it\u2019s not unusual for that to increase during difficult times (the same thing happened in 2009, leading into the so-called \u201cGreat Recession\u201d). The problem is that money sitting on the sidelines isn\u2019t moving through the economy. This has many potential results for the American economy, including diminishing growth and further economic inequality.<\/p>\n

\"\"<\/a><\/p>\n

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> CLICK HERE TO GET YOUR COPY OF OUR FREE GUIDE<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n

In a country where Americans are getting stimulus checks and extended unemployment benefits, the message between the lines seems to be \u201cplease spend money.\u201d While it\u2019s a perfectly normal instinct to sock away extra money when you have it, there are cumulative effects for the economy if not enough money gets invested.<\/p>\n

You may be ready to have a conversation about what to do with the money you\u2019ve put away. Needless to say, I look forward to discussing the matter with you.<\/p>\n

Give us a call at our Charlotte office at (704) 248-8549, or our Clemmons office at (336) 391-3409. Or, click here to request a no-cost, no-obligation meeting.<\/u><\/em><\/strong><\/span><\/a><\/p>\n

\n

[SOURCES & ADDITIONAL DISCLOSURES]<\/strong><\/p>\n

    \n
  1. com, March 15, 2021<\/li>\n
  2. Original article by FMG Suite, 2021.<\/li>\n<\/ol>\n

    <\/p>\n<\/body>","protected":false},"excerpt":{"rendered":"

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