Post Archive

Some Economic Improvement

Consumer data entered the fray last week to mixed results.  Personal income was up 0.3% in May, but concerns about the stagnating recovery resulted in no gains to personal spending.  With income and spending little changed, the personal savings rate also held steady at 5.0%.  The personal savings rate spiked in 2009, but fell after…

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The Incredibly Resilient American Consumer

One of the most disheartening aspects of the past several years was the abysmal state of consumer finances heading into the recession.  In the first quarter of 2008, the personal savings rate was a meager 0.8% of disposable income and household liabilities as a share of disposable income reached an astounding 130%.  Levels that severe…

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