Sunday, July 25, 2010

Article on Savings Rates

So I was browsing articles on personal finance and came across this article. It spotlights several different families and shows their personal savings rate. They do things from limiting their frivolous spending, not eating out, side jobs, to swapping toys with neighbors.

One thing I noticed is that each family or person they spotlighted had well paying jobs and no challenges like chronically sick kids or disabilities. I would rather have seen an article to help people like the single mom working at McDonalds, they couple with three kids working at Wal-Mart, or similar. These are the people who really need to learn good savings habits and also learn ways to increase their income with education or training.  

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