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.
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