January U.S. Savings Rate to 5%

By Paul Kedrosky · March 2, 2009 · ·

The January U.S. personal savings rate hit 5%, according to new BEA figures today. That’s up from 3.9% savings rate last month and 0.1% a year ago. We’re now at levels last seen in the U.S. in 1993.

More here.

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