Saving Rate Hits the Lowest Level Since 2005

The US saving rate dropped to 2.4%, according to the most recent data release from the Bureau of Economic Analysis. It is the lowest level since September 2005 and a direct result of US consumer spending rising faster than income. It has been on the downward path since 2016 when rising consumption contributed to fueling economic growth. Personal consumption expenditures... Read More ›...(read more)

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