Does your household save as much money as possible to build your nest egg? A.G. Edwards claims United States households are saving more now than ever before and they have the scores to prove it.
The A.G. Edwards Nest Egg Score is a range of scores used to value the saving rates of United States households. According to the press release, the scores range from 450-549 as poor, 550-649 as fair, 650-749 as good and 750-850 as excellent. The Nest Egg Score is fairly similar to the FICO scores used to report credit worthiness for United States citizens.
The press release reported Tuesday that the Nest Egg Score has jumped to 649, moving very close to the good range. This Nest Egg number, according to the press release, mean citizens are more apt to be saving money and building wealth now than ever before.
A.G. Edwards offers personalized Nest Egg scores, according to the press release. Patrons can visit www.nesteggscore.com for more information on their personal Nest Egg Score. The website also offers consumers help and tips on maximizing their savings and personal wealth building goals.
The press release reported that the A.G. Edwards Nest Egg Score is produced quarterly and measures the trends in consumer savings and wealth building. But the score does not simply use these trends as a scoring basis. Other factors taken into consideration when producing the Nest Egg Score are economical trends and a consumers ability to save based upon whether or not economic conditions are conducive to increasing personal wealth.
Despite the fact that home equity rates have hit an all-time low, the September 2007 Nest Egg Score of 649 is the highest the rating has jumped in a very long time, the press release reported. A.G. Edwards believes some of the jump can be attributed to the recent changes in the savings rate.
The Nest Egg Score which debuted in March of 2006, will continue to rate changes in consumer savings and wealth building sectors. A.G. Edwards in conjunction with Harris Interactive are responsible for the scores reporting each quarter.
Savings trends will rise and fall and according to the press release, Sophia Beckmann, A.G. Edwards Personal Finance Strategist offers this advice, “By creating and implementing a strong asset allocation strategy, investors can take advantage of the variety of investment vehicles available and make the most of their savings.”
A.G. Edwards;A.G. Edwards Nest Egg Score Jumps to 649 ; PR Newswire
A.G. Edwards; Nest Egg Score Online; www.nesteggscore.com