Household Balance Sheets Remain Strong Despite Falling SavingsRupert Hargreaves
How are American Household Balance Sheets looking? Not too bad according to some recent numbers
At the end of August, figures from the US Commerce Department showed a worrying trend among consumers: Average household savings has plummeted by nearly half in two years.
In June, the personal savings rate was 3.8%, down from 2015, when households were putting away 6.3% of after tax-income on average, according to Commerce’s . . .
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