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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> employee earnings

Americans saving more

Posted by RJ and Makay on Jan 31, 2012

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SavingsAmerican’s savings rate rose to 4% in December from 3.5% in November of last year as personal income rose 0.5%, the Commerce Department reported.  The half-point increase was the biggest month-to-month gain since April 2010, according to economists at Credit Suisse.  The gain represents a turnaround from the September to November 2011 period when consumers financed their purchases at a cost to personal savings.