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 In Units 1 and 2, you learned about building blocks for financial success and basic investment principles. Next we will explore ways to "find" money for investing. Many Americans don't invest because they have little or no savings that can be transferred to investment products. Studies estimate that as many as 70% of Americans live from "paycheck to paycheck," courting financial disaster if their income is suddenly reduced or stopped. Generally, Americans are not saving for a "rainy" day; they are consuming it all today. The individual savings rate in the United States fell to a negative number (-0.5) in 2005, the first time since the Great Depression of the 1930s. This means that Americans were spending more than they earned. It has remained at 1% (of disposable income) or less since then.
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- Back in the 1880s, agricultural researchers at land-grant colleges complained about the great numbers of individual letters they were answering about their research. Then, in 1914 Congress addressed the need to distribute research results with the passage of the Smith-Lever Act creating the Cooperative Extension Service and its system of informal education. Read more...
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Investing Unit 3: Finding Money to Invest
Last Updated: July 30, 2008
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