Americans for financial reform articles
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Americans can't stop 'spaving' — here’s how to avoid this financial trap
"Spaving," or spending more to save more, can lead to excessive spending and high-interest credit card debt if you aren't careful, experts say.
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Americans Continue To Name Inflation As Top Financial Problem: Gallup
Americans Continue To Name Inflation As Top Financial Problem: Gallup By Jeffrey Jones at Gallup For the third year in a row, the percentage of Americans naming inflation or the high cost of living as the most important financial problem facing their family has reached a new high. The 41% naming the issue this year is up slightly from 35% a year ago and 32% in 2022. Before 2022, the highest percentage mentioning inflation was 18% in 2008. Inflation has been named by less than...
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JP Morgan CEO: Americans Are in 'Good Shape' Financially and 'Still Have Money From COVID'
JP Morgan CEO Jamie Dimon has been widely criticised for suggesting that average Americans are doing well financially despite rising inflation and stagnant interest rates putting a strain on household budgets.Dimon sparked outrage with comments on The Wall Street Journal podcast, "The Journal." Dimon, whose net worth is estimated at £1.67 billion ($2.1 billion) by Forbes, stated that consumers "still have excess money from COVID."Downplaying concerns about the economic impact on everyday...