Stephen Brobeck Quotes on Money & Wealth (3 Quotes)

If consumers started to shift money, however, ... from an interest checking or a traditional savings account into even a bank CD or from a bank to a credit union. That would place market pressure on the banks to raise those interest checking rates and those traditional savings rates. They (banks) do not feel as if consumers are demanding higher rates.

This is an important finding because those who know their personal wealth are more likely to spend, borrow and save sensibly.

Most Americans are now aware of the consumer debt trap and the need to build wealth, but don't believe they can do so.