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Daily Archives: December 25, 2015

Study 62% of Americans Have Under $1,000 in Savings

Elyssa Kirkham October 5, 2015 – “Having a savings fund is one of the keys to financial health. Yet trying to save is a struggle, especially because the biggest money challenge for Americans is sticking to a budget — a central skill to ensure enough money is left over each month to save. To gauge how well Americans are saving, GOBankingRates conducted a survey that posed the question, “How much money do you have saved in your savings account?” The good news is that over half (51.3 percent — totaling all answers besides $0 and “I don’t have a savings account”) have at least something socked away in savings. But the survey findings also reveal that most Americans’ savings account balances are falling far short of where they should be. “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” said Cameron Huddleston, a personal finance expert and columnist for GOBankingRates. “It suggests that they likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends, and family, or even their retirement accounts to cover unexpected expenses.”

Study Overuse of pesticides by Chinese farmers and devastating results

Susanna Pilny – “While the Great Recession is over, many of its aftereffects are still being felt—especially in China, where a shift in agricultural practices driven by the economic crisis may have devastating results, according to a new study that spanned 10 years. In the early 2000s, the Chinese government decided to invest in chemical… Continue Reading