Contact Us

What Are You Doing to Observe ‘America Saves Week’? — Dollars and Sense

401K, Flickr

In an effort to hit the pause button on wanton spending and focus on the importance of squirreling away a little money for a rainy day, February 19-26 has been set aside as “America Saves Week.

It’s a joint effort from the American Savings Education Council and the non-profit Consumer Federation of America to promote sensible saving habits — which are foreign to a lot of Americans these days.

Just two years ago, nearly three-quarters of Americans spent less than they earned and saved the rest, but now, only two-thirds of people surveyed said they’re doing so. In addition, just over half report they’re saving enough for retirement — a 10 percent drop from 2010.

But the decline doesn’t necessarily mean we’re getting more irresponsible. Stephen Brobeck, CFA Executive Director and a founder of America Saves says the recession has been a prime factor, adding, “Many working families are still apparently suffering from the high unemployment rate, stagnant incomes, and a depressed housing market.”

Nearly 1,000 banks, employers, and government entities are honoring America Saves Week, mainly by encouraging consumers to save. If setting aside money is something that’s hard for you, you might want to consider automating it with your bank so that part of your paycheck goes into a separate savings account without any action on your part.


It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for TSM Interactive quickly by connecting your Facebook account. It's just as secure and no password to remember!