Thursday, March 12, 2009

Saving Rate

The St. Louis Fed has a very nice charting tool. Here is the impressive move in the personal saving rate from 0% in April 08 to 5% in January 09. Savings went from 0 to 544bn US$.
Looking at the source data it appears disposable personal income increased by 337bn US$ thanks to lower personal current taxes of 183bn. Personal outlays decreased by 207bn US$.

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