Consumers log stronger- than- expected spending rise
November 24, 2009
| JEANNINE AVERSA
With spending outpacing income growth, Americans' personal savings rate - savings as a percentage of after-tax income - dipped to 4.4 percent in October from 4.6 percent in...
Late payments on credit cards drop in 3rd quarter
November 23, 2009
| EILEEN AJ CONNELLY
The personal savings rate in September was 3.3 percent, compared with 3 percent in August and 4 percent in July, government statistics show. By comparison, in May the rate...
Economic survey: Job losses to bottom out in 1Q
November 22, 2009
| EMILY FREDRIX
They expect the personal savings rate to average 4 percent in 2010, the highest level since 1998. Businesses, though, will increase their spending. The survey said the...
Americans save more but earn less as rates fall
November 20, 2009
| STEVENSON JACOBS
Today's personal savings rate of 3 percent is nearly double that of a year ago. Economists say it could rise as high as 8 percent as households try to rebuild savings shredded...
The Great Recession: The numbers tell the story
October 10, 2009
| TIM PARADIS
- -0.5 percent: Personal savings rate in 2005 as home prices were soaring. - 6.9 percent: Personal savings rate in May. - $975 billion: Credit card debt held by Americans...
Consumer spending jumps 1. 3 percent in August
September 30, 2009
| MARTIN CRUTSINGER
The big jump in spending and much weaker gain in incomes translated into a big drop in the savings rate. Personal savings in August fell to 3 percent of after-tax incomes, down...
Signs point to modest rebound
November 25, 2009
| CharlotteObserver.com
With spending rising faster than incomes are, Americans' personal savings rate - how much they put away as a percentage of after-tax income - dipped to 4.4 percent in October...
You Buying Less This Holiday?
November 23, 2009
| The World Newser
The savings rate has jumped way up in the past year. Americans are nervous about... ...
More Iowans put their trust, money in local banks
October 25, 2009
| DesMoinesRegister.com
'' Nationally, the savings rate jumped to 4.9 percent of income in the second quarter, up from 3.7 percent in the first quarter, and up from 3.4 percent in the same period a...
January U. S. Savings Rate to 5%
March 02, 2009
| Paul Kedrosky's Infectious Greed
The January U.S. personal savings rate hit 5%, according to... Thats up from 3.9% savings rate last month and 0.1% a year ago. Were now at levels last seen in the U.S. in 1993...
Debit is the card of choice for consumers
October 17, 2009
| indystar.com
In July, the personal savings rate reached 4.2 percent, up from about 1 percent of after-tax income early last year, according to government data.'' The real question is: Is...
So Long, and Thanks For All the Savings
October 01, 2009
| Paul Kedrosky's Infectious Greed
So much for that brief U.S. dalliance with a higher savings rate ... The latest BEA release shows that August personal savings rate in the U.S. fell to 3.0%. Here is a Bloomberg...
Correlation, Causality and the Dollar Thing
October 13, 2009
| Paul Kedrosky's Infectious Greed
Interesting chart from Bloomberg on the potential for declining pressure on the dollar, at least as evidenced by an increased U.S. personal savings rate and an improved trade...
Readings
September 28, 2009
| Paul Kedrosky's Infectious Greed
Pimco's Clarida Says U.S. Savings Rate May Exceed 8% (Bloomberg) Four degrees and beyond (Met Office) ...
So Long, And Thanks For All the Savings
August 28, 2009
| Paul Kedrosky's Infectious Greed
equal, the U.S. personal savings rate will be higher than it is today. Anyone want to take the other side? Make your case. ...
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