Cave Creek, AZ (PRWEB) September 07, 2011
ISM America review of the savings rate of Americans concludes that we are still falling short as a whole throughout 2010 and through second quarter 2011. ISM America, an independent organization dedicated to preserving and promoting the American Dream, has conducted the review in an effort to gather as much information as possible about the spending and saving habits of Americans so they can relate their findings to their clients.
“Not surprisingly, Americans just aren’t saving that much of their income these days. This is likely due to the low interest rates that are being offered with traditional investment vehicles like CDs combined with a faltering economy. However, with the average savings rate between five and six percent right now, our fear is that Americans simply aren’t saving the money they need in order to ensure a prosperous future,” says Tim Robley, National Marketing Director of ISM America.
Among other statistics, the ISM America review of the savings rate among average Americans showed that their savings were not only lower than normal here in the United States, but that they were also substantially lower than the average savings rates of other countries. The company cited Switzerland, at an average savings rate around ten percent, as one of their lead examples.
When asked why so much emphasis was put into the ISM America review of savings rates, Tim replied, “At ISM America, part of what we do is educate our clients. It’s important to know that you not only need money, but also how much you will need and how you will have to go about ensuring you have it when you need it. A large part of this relies in the savings rate and the more we understand about it, the better we can help our clients.”
For additional information on what the ISM America review of the savings rate revealed, please contact Tim Robley at (855) 668-7667 or visit http://www.ismamerica.com.