Deficit up = Savings up
March 03, 2009 at 07:51 AM EST
[Skip to the end] Shoppers’ New Frugality Hurts Business by Kelly Evans Mar 3 (WSJ) — U.S. consumers increased their spending in January, while the savings rate reached its highest level in nearly 14 years amid a deepening recession. Does that ring a bell? The last time savings was this high was in 1995 when the deficit was [...]
