8/3/2010 News


Savings Rate Climbs To One Year High

The average American savings rate has climbed to a one year high, as total personal savings in the United States climbed to $725.9 Billion, a .1% increase of post tax income from $713.9 in May 2010.

This rate is the highest since June 2009, when the percentage was 6.7%, a very positive sign for the United States economy.