{"id":394,"date":"2018-02-02T10:00:55","date_gmt":"2018-02-02T15:00:55","guid":{"rendered":"https:\/\/paddenfinancial.com\/?p=394"},"modified":"2018-02-02T11:18:12","modified_gmt":"2018-02-02T16:18:12","slug":"quoted-wsj-savings-rate","status":"publish","type":"post","link":"https:\/\/paddenfinancial.com\/quoted-wsj-savings-rate\/","title":{"rendered":"Quoted in New Article at WSJ about The &#8220;Wealth Effect&#8221; and Low Savings Rate"},"content":{"rendered":"<p><strong>With Stocks Surging, Americans Are Saving at 12-Year Low<br \/>\n<\/strong>by Harriet Torry,<em> Wall Steeet Journal<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-405\" src=\"https:\/\/paddenfinancial.com\/wp-content\/uploads\/2018\/02\/logo-wsj-300x36.jpg\" alt=\"\" width=\"300\" height=\"36\" srcset=\"https:\/\/paddenfinancial.com\/wp-content\/uploads\/2018\/02\/logo-wsj-300x36.jpg 300w, https:\/\/paddenfinancial.com\/wp-content\/uploads\/2018\/02\/logo-wsj.jpg 577w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>The shift away from saving could leave consumers exposed if stocks or other assets take a sudden turn for the worse. Soaring stock prices and improving job prospects have set Americans off on a spending splurge that is cutting into how much they sock away for retirement and rainy days. Sheila&#8217;s quote:<\/p>\n<blockquote><p>&#8220;More and more, people want to live now. Nobody&#8217;s going crazy; they might be taking a trip or considering a vacation home. It&#8217;s not extreme spending.&#8221;<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.wsj.com\/articles\/u-s-consumer-spending-rises-in-december-as-incomes-improve-1517233281\" target=\"_blank\" rel=\"noopener\">View article online<\/a> (paywall)<br \/>\n<a href=\"https:\/\/paddenfinancial.com\/wp-content\/uploads\/2018\/02\/padden-wsj-jan2018.pdf\">Click here to download a full copy of the article<\/a> (PDF)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soaring stock prices and improving job prospects have set Americans off on a spending splurge that is cutting into how much they sock away for retirement and rainy days. Quote:<\/p>\n<p>&#8220;More and more, people want to live now. Nobody&#8217;s going crazy; they might be taking a trip or considering a vacation home. It&#8217;s not extreme spending.&#8221; <a href=\"https:\/\/paddenfinancial.com\/quoted-wsj-savings-rate\/\" rel=\"nofollow\">[More]<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/posts\/394"}],"collection":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/comments?post=394"}],"version-history":[{"count":0,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/posts\/394\/revisions"}],"wp:attachment":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/media?parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/categories?post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/tags?post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}