US savings rate soars to 14-year high

The Best Savings Rates, CD Rates, and More

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Article Submitted by: ktexas
Personal Finance

Tags: Saving money, Savings, Money, Personal finance, Saving.

The U.S. personal savings rate surged to a 14-year high 5.7 percent in April, the U.S. Commerce Department announced Monday, as consumers took advantage of tax cuts to increase savings and build safety cushions in the middle of the worst U.S. recession in more than 25 years.

Permanent shift in consumer behavior?

Submitted: Jun 1, 2009 Views: 128 Comments: 0 Likes: 1

View Article: http://www.dailyfinance.com/2009/06/01/us-savings-rate-soars-to-14-...

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The Best Savings Rates, CD Rates, and More

Other writing by ktexas

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