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How our spending has changed over the past 40 years

Posted on November 8, 2013

According to a recent article in the Los Angeles Times, Americans today spend less of their total income than they did in 1973, but they save less.  The US savings rate is a fraction of what it once was: less than 5% today, versus about 13% four decades ago.  You can read the entire article by Walter Hamilton here.

Filed Under: Financial Planning, Services // Tagged: personal finances, retirement, U.S.

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