Saturday, June 27, 2009

US household savings in May

Households' savings rate in May reached 6.9%, the most since December 1993, while it was close to zero in early 2008. This could be partly attributed to an affect of the US stimulus package.

While higher savings indicate a stronger economy, more consumer spending is required for a sustained recovery, especially since the US economy is 66%+ consumption!

No comments:

Post a Comment

Hi there,

Feel free to comment.
Only suitable comments will be posted.
In EN, FR, GR, D, IT, SP, NL only (Use Google Translate otherwise SVP).