SubscribeAll Posts Tagged With: "personal savings rate"
Eight Consumer Confidence Catalysts You Need to Know About
Burned by credit defaults, unemployment, and fewer income gains, consumer confidence is tepid at best.
Despite a growing belief that the recession is at or near its nadir – and a string of upbeat corporate profit reports that have sent stocks up to their highest levels this year – consumer confidence dropped to its lowest level since April. According to the Reuters/University of Michigan Survey of Consumers, the final sentiment level for this month dropped to 66.0, down from 70.8.
"People are a little more worried about the economy, especially over the labor market and what’s happening in Washington,” David Wyss, chief…
28Jul2009 | Money Morning | 0 comments | ContinuedWhat the Dramatic Turn in the U.S. Saving Rate Could Mean to You
During the past few weeks of exciting “green shoot” news, a very important economic statistic has been ignored: The U.S. saving rate.
U.S. citizens have been saving less and less since the early 1980s. And the saving rate even turned negative during the height of the real estate bubble.
But in April, the personal saving rate in the U.S. surged to 5.7 percent, a 15-year high. That represents a massive trend change and has important consequences for the future. But before I address them, I want to remind you of …
The Formula for Prosperity
Let’s start with an example of a very…
11Jun2009 | Money and Markets | 0 comments | Continued
Loading ...
