- Historically the U.S. savings rate has been fairly high, until about 1982 when Americans started saving a lot less for a rainy day. According to The Library of Economics, "The 2004 rate of U.S. saving of just 2.2 percent is remarkably low, not only by U.S. standards, but also by international standards."
- During recessions, retrenchment (reduction of expenditures) occurs, which tends to drive the savings rate higher. Americans tend to react to bad economic news by spending less and saving more; fear is the primary motivator in these cases.
- On August 4, 2010, "The Washington Post" reported that "Americans have rebuilt their savings to the highest level in a year even as uncertainty grows about the strength of the economic recovery as government stimulus programs phase out." The Commerce Department reported in August that the personal savings rate increased to 6.4 percent in June. A rate that high has not been seen since June of 2009.
- Advertisement -
- Advertisement -
EDITOR PICKS & Articles
- The importance of templates in a minisite
- Article Submission Service
- Discover How to Generate Leads Online Here
- Layout usage in web design
- How to Share an Internet Connection Between a Laptop and a Desktop
- Benefits of Web Traffic
- Chords for We Are Young. Easy Guitar Lessons For Starters
- How To Activate Active X
- Online Exchange Rates in Kuwait. Impress Your Date With Forex Trading Lingo
- Choosing a Class Or School
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Prev Post
"Business & Finance" Categories
Advertising & Marketing
Arts & Crafts
Bankruptcy
Blogging
Biz
Business Insurance
Business News
Careers
Corporations
Credit
Debt
Electronic Commerce
Economics
Entrepreneurship
Finance
Home Based Business
Investing & Financial Markets
Loans
mortgage
Outsourcing
Personal Finance
Renting & Real Estate
Shopping
Small Business
Social Media
Stocks-Mutual-Funds
Taxes
Wealth Building
Stay With Us
"Business & Finance" MOST POPULAR
"Business & Finance" Lastest Articles