U.S. Households Saving Less The Past Two Years
Robert R. Johnson
Hidden in numbers released by the Commerce Department last week was the startling revelation that average household savings has plummeted by nearly half in two years.
In June, the personal savings rate was 3.8 percent, down from 2015, when households were putting away 6.3 percent of after tax-income on average, according to Commerce’s Bureau of Economic Analysis.
Knutson, Ted, "U.S. Households Saving Less The Past Two Years" (2017). In the News. 2493.