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EcPoFi
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Atle Willems, CFA is an equity investor with a long-term view investing in undervalued listed shares with solid operational track records and sensible balance sheets.
My company:
Liabridge
My blog:
EcPoFi - Economics, Politics, Finance
  • Personal Savings Rate In The U.S. Remains Low As Consumer Spending Hits Record High 0 comments
    Dec 10, 2012 7:18 AM

    The Personal Savings Rate in the U.S. for the month of October was 3.40% according to figures released by the U.S. Department of Commerce. The figure was 46.6% below the long term average of 6.37% since 1973. The low savings rate was caused by record Personal Consumption Expenditures (consumer spending) as Disposable Personal Income in nominal terms for the month was the highest ever reported.

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Macro View
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