Saving in America.
Some of us do it diligently and some of us…think about doing it. To be honest, I tend to fall into the later camp sometimes.
According to ycharts.com and the Bureau of Economic Analysis in a report published February 2016, the United States personal savings rate was 5.40% and in 2015, the rate was the same. Long Term Average for Savings in the United States is 8.33% according to the same report.
![Savings Rate in America 2016](https://www.parisdhunter.com/wp-content/uploads/2016/09/Savings-in-America-Chart.png)
The process of savings is that it generally comes across static and cold, at least to me. When looking up rules of savings, the typical advice says “save 10%” or “save x amount of dollars per pay period” with no regard to the day to day swings of Life. So it would be nice to have a method of savings that automates savings based on my current account balance and previous spending habits…
[Read more…] about Digit VS Qapital: Automatically Saving for Your Future