Economy

In Tough Times, Savings Rate On The Rise

With worries about layoffs, declining home values and losses in retirement investments, Americans are again saving more of their income. The personal savings rate, as a share of disposable income, rose to 5 percent in January.


Personal savings rate as a share of disposable personal income, 1929-2009

 
[Graph: U.S. saving rate, 1929-2009]

Source: Bureau of Economic Analysis

Credits: Robert Benincasa and Alyson Hurt / NPR

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