Americans Continue Spendthrift Ways

Americans are saving less and spending more. The Commerce Department on January 30, 2006 reported that people spent all of their after tax income in 2005 and then had to borrow or tap their savings to make ends meet. This live for today mentality is at the expense of saving for the future.

We at buyupside.com recommend that you buck these spending trends and begin to save and invest for the future. Instead of spending all your money on "stuff", begin a long-term systematic savings and investing program. See the Investing Roadmap to get started.

Posted January 31, 2006.