“As wage growth has stalled – and the costs of housing and higher education have skyrocketed – many families simply have less left over at the end of the month.”

This is a great point. Disposable income has been flat in recent years which reduced purchasing power which reduces savings rates.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store