Americans Saved More

[trottigy]

 

The unchanged reading in purchases followed a 0.5 percent gain the prior month that was larger than previously estimated, Commerce Department figures showed Monday in Washington. The median forecast in a Bloomberg survey of 79 economists called for a 0.2 percent rise. Earnings increased 0.4 percent, more than projected, and the saving rate climbed.

 

Consumers, who’ve been using the money freed up by low gasoline costs to pay down debt or rebuild their balance sheets ....

 

Earnings are starting to go up and it is good to see ones are paying down their debt or saving - rather than spending it. This will make the rebound in the economy stronger going forward (even if it makes that rebound take longer). Slow and steady is better than a quick flash and a drop again.  

Edited June 1, 2015 by trottigy

[Joey]

I've been slowly repaying my debts.Emphasis on the

'slow'.

Edited June 1, 2015 by Faith