Relatable Finance

Chart of the Week

The chart of the week looks at personal savings rate since 2000 on a quarterly basis. You can see the large jump in the second quarter of 2020 to around 25% and although it fell in the third quarter, it  remained well above average at around 15%. We saw an uptick in the personal savings rate coming out of the financial crisis and the rate has stabilized to around 6-7% since 2012. The question moving forward is will this higher savings rate remain and will we see an uptick moving forward to higher than 6-7%? Or will the excess savings all be spent once the economy re-opens in the post COVID world? This decision will have a huge affect on both the economy and financial markets.

About Us

We are Shane Phillips and Joseph Karl, and together we are the hosts of “Relatable Finance.” We have worked together at Provenance Wealth Advisors (PWA) since 2014 and come from similar backgrounds. Both of us are from the Midwest but found our way to South Florida. We played college football (and by “played,” we mean we were on the teams), and we both enjoy the financial markets enough to have spent the time to obtain the Chartered Financial Analyst (CFA) charterholder designation.

With some help, we had the brilliant idea to start a finance-based podcast to share our knowledge with you. Our goal with each podcast is to simplify important concepts we use daily, explore the various financial risks and opportunities individuals face throughout their lives and provide perspective on current events in the financial world.

We release episodes every other week. They can be found at the link above.

We hope you find our podcasts interesting and informative and welcome any feedback. Enjoy!


Get in Touch

Have topics you would like to hear on our podcast? Let us know.


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