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Savings Rate On The Rise
Posted by admin on Mar 11, 2010 in Savings
Savings rate in USA has risen to 6.4%. Spending has become reduced by 3.1%. Spending drop is considered as bad news since selling of products get reduced. Spending for durable goods have decreased by 10.8%. In the case of non durable goods, spending has fell by 4.2%. But spending on services is up by 3.3%($200 billion).