Are We Born-Again Savers?

by Admin 17. November 2009
Are Americans maintaining their new focus on increasing savings while lowering debt? Some economists think we'll keep increasing personal savings to a rate of about 8% of our after-tax personal income - consider that we haven't seen a rate like that since the early 90's (see graph below). However, in August, the personal savings rate fell for the third month in a row to 3% of disposable income as reported by the Commerce Department on October 1st. Over the past several weeks there have been... [More]

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