Americans are saving faster than they are spending.
“The savings rate in the United States rose to 5.6% in October — its highest mark in nearly three years. In September, the savings rate was 5.3%. Put another way, Americans put aside an extra $40 billion in October rather than spend it.
“The personal consumption expenditure, a measure of spending, only rose 0.1% between September and October…”
This article is from CNN Money. Read more of this article at CNN Money here.
Contact me today for real estate assistance! (619) 890-3648 | Email me
Latest posts by John A Silva (see all)
- Money Monday: How to Make Those Financial New Year’s Resolutions a Reality - January 15, 2018
- San Diego County Events for January 12 – 14 - January 12, 2018
- Closing Chaos Infographic - January 11, 2018