By Ian Mathias
06/08/09 Baltimore, Maryland For the first time since at least the Second World War, Americans are acting like…well…everyone else.
Americans are spending less this year than they did in 2008. Believe it or not, that’s a first since World War II. What’s more, we’re saving at a historic clip… the personal savings rate (updated Friday) jumped from near 0% last year to 5.7%, a 14-year high and the fastest growth rate since at least 1950, when the government started keeping track. (more)
No comments:
Post a Comment