A new report from the research firm Glassdoor reveals that the average consumer expects their savings to grow by $7.7 billion between 2017 and 2021.
While the average employee’s expected savings to shrink by $2.5 billion, it is important to note that this could be a one-off phenomenon, as many companies will also see an increase in their own savings.
The report notes that while most companies are not anticipating a $7 billion savings, most will see an uptick in their overall spending.
For example, the average American will spend $1,000 more per year on food, clothing, and housing.
But that may not necessarily be a good thing, as the average person could be getting hit with higher prices.
This is because the average household is likely to spend more on other things in order to keep their budget stable.
Additionally, as we mentioned earlier, the report shows that most employees will be saving less in their 401(k) and other retirement accounts.
This could result in higher overall costs, especially if employees opt to take on larger amounts of debt.
However, if employees decide to save even more, then they may find that the cost of living will increase, meaning that they will have less income to spend on the rest of their lives.
This in turn, could lead to lower spending habits.
Glassdoor says that the majority of people are willing to pay more for goods and services because they are more likely to be satisfied with the quality of their life.
when people are asked about their financial health, many will say that they are struggling to pay their bills.
This may lead to them spending more to buy goods and service, or they may choose to pay less.
But when asked to describe their financial situation, more than 70% of respondents will mention the amount they have borrowed from friends, family, or a savings account.
This can also lead to the amount of debt they have accumulated, and the amount that they could potentially be able to pay off.
While this is true for most Americans, there is one group of people who may be especially vulnerable to this type of financial strain.
According to the report, this group includes those with pre-existing conditions.
While it is possible that these individuals will pay off their debts faster, if they do not, then their health could be compromised.
It is possible, however, that they may be unable to afford the medical costs associated with their illnesses.