Expect Widespread Financial Insecurity Among Many Future Retirees

In a December 2017 poll, many Americans felt they were just a paycheck away from insolvency.  About 43% fear an unexpected event would deplete their meagre savings, and another 34% find it difficult to make ends meet.  Still, 67% of Americans feel that their finances will get much or somewhat better in 2018, and only […]

Not Saving for Retirement?

In a December 2017 poll, many Americans felt they were just a paycheck away from insolvency.  About 43% fear an unexpected event would deplete their meagre savings, and another 34% find it difficult to make ends meet.  Still, 67% of Americans feel that their finances will get much or somewhat better in 2018, and only […]

The Fed, Government Debt, Pensions and Retirement Savings

In the depths of the great recession, the Federal Reserve (the Fed) chose to push interest rates down by buying massive amounts of Treasury notes and bonds.  That tactic was meant to stimulate private sector investment and invigorate demand for additional employees.  Unfortunately, holding interest rates very low for 6 years has starved pensions and […]

Consumers Invest in Themselves Through Savings

Consumers have experienced paltry progress in middle class incomes during the period of 2007 through today, and some say that stagnation has persisted for decades.  Income stagnation has been ascribed to disappointing labor productivity and to high unemployment that became nearly full employment, which too often pays just subsistence wages.  Many job openings remain unfilled […]

Time Is On Millennials’ Side

The Millennials are the generation born between 1983 and 2004.  The youngest is 11 and the oldest is 30 years of age.  They have experienced different cultural, technological and economic conditions in their early formative years than did predecessor generations; Generation X (Gen Xers) born during 1965 to 1982 and the Boomer generation born 1946 […]

New ConsumerGram: Lifesaving Drugs at Lower Costs

The Food and Drug Administration (FDA) began approving generic (unbranded) prescription drugs around 30 years ago, and generic drugs are now saving consumers more than one trillion dollars per decade in healthcare costs over their brand named counterparts.  Competition from generics has provided more options to doctors and better access to patients – at prices […]

Consumer Tips on Grocery Savings — The Facts of Fruit

The USDA’s Nutrition Pyramid suggested that consumers should eat 2-4 servings of fruit and 3-5 servings of vegetables each day.   Following the fruit and vegetable part of that guideline in a 2,000 calorie diet would cost $2 to $2.50 per day for each adult.  In June 2011, the Nutrition Pyramid was replaced by a very […]

Reader’s Digest Interviews ACI about Potential “Back to School Savings.”

Reader’s Digest Interviews Steve Pociask of ACI on potential “back to school” savings.  In the September 2009 issue, on page 56, ACI provides information on what some are calling “the stink about ink” — the high cost of computer printer ink.  The article offers readers to visit www.consumercalculator.com to get ACI’s estimates of printing costs for various […]