Money Minute: Few Americans Saving Enough; Delta Overhauls Awards Program

Two-thirds of all Americans say they aren't saving enough.

A survey from the Consumer Federation of America finds only a third of us feel we're making "good" or "excellent" progress toward meeting our savings goals. As for the rest of us, not so much. For most people, regardless of income level, it's a simple matter of spending more than we earn. Basically, the more we make, the more we spend. Another problem: about half of us don't even have specific savings goals.

Another research report -- this one from the liberal think tank, the National Bureau of Economic Research -- finds the U.S. in 2014 is less equal than the England of Downton Abbey 100 years ago. It says the rich take home a greater share of the national income now than they did back then, and that the poor are in worse shape than the butlers, servants and cooks in the 1920s.

Delta Air Lines (DAL) is the latest and largest carrier to overhaul its frequent flier program. %VIRTUAL-article-sponsoredlinks%Beginning next year, Delta will award miles based on how much you spend rather than how far you fly. Its SkyMiles program has 91 million members. Southwest Airlines (LUV), JetBlue Airways (JBLU) and others have already made similar changes, and industry experts say American Airlines (AAL) and United Continental Holdings (UAL) are likely to follow suit.

Here on Wall Street, the Dow Jones industrial average (^DJI) fell 27 points Tuesday, the Nasdaq composite (^IXIC) lost 5, and the Standard & Poor's 500 index (^GPSC) edged 2 points lower.

Expect a new series of books on the financial crisis from the people who were at the center of the storm. Former Treasury Secretary Tim Geithner's book is titled "Stress Test." He says it will "answer some of the questions that still linger about the crisis."

And former Fed Chairman Ben Bernanke is writing his memoir. He says it will let readers know -- "what we knew, when we knew it, how we made decisions, and how we dealt with the enormous economic uncertainty."

-Produced by Drew Trachtenberg.