Consumers Are Still Lagging in Savings Despite Cheaper Gas and Lower Mortgage Rates
Robert R. Johnson
Americans are still lagging behind in their savings although gas prices reached record lows and other discretionary items have also declined. That in part because, consumers, especially Millennials, are faced with large amounts of student loans and credit card debt.
Chang, Ellen, "Consumers Are Still Lagging in Savings Despite Cheaper Gas and Lower Mortgage Rates" (2016). In the News. 1103.