Good article about US savings vs. spending

Discussion in 'Economics' started by olias, Jan 31, 2011.

  1. olias


    I thought this was a pretty strong article:

    Income, Spending Rise; Savings Fall
    By: Dirk van Dijk, CFA
    January 31, 2011 | Comments: 0
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    In December, Personal Income rose 0.4%, matching the 0.4% rise in November, and just below the 0.5% increase in October. However, both November and October were revised up by a tick, so relative to where we thought personal income was, this is actually an acceleration. It was, on the other hand, slightly below consensus expectations of a 0.5% increase. ...",+Spending+Rise;+Savings+Fall