Savings Rate Hits 6.9%, Highest Since 1993

More good news coming from the recession: the personal savings rate continues to increase, hitting 6.9% in May. That’s up from 5.6% in April, and the highest since December of 1993, when it was 7.6% (according to the Wall Street Journal). At the same time, spending was up 0.3% in May and disposable personal income […]

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