US Saving Rate Highest in 16 Years

posted by Nima

June 26, 2009 · Posted in General Economics 

The US Personal Saving Rate just hit 6.9%:

The last time it was higher was in December 1993:

Savings are crucial to economic progress and prosperity. For the first time in decades Americans have realized this and are turning the tide. This is in line with ongoing Delevaraging, Contraction, Imploding Consumer Credit & Increased Saving. Advertisement: Get your shortlink before someone else does at

Related Content


Leave a Reply


Subscribe without commenting