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davepamn

M¢25 Funded By Mahalo ? | October 09, 2009 03:04 PM

Has US savings soared to $566 billion?

Is the US savings increasing in momentum?

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argmatrixm...

October 10, 2009 10:26 AM

Yes US saving soared to $566 billion from the months January to June. Here is the link to the site to verify this.

http://www.assante.com/canada/newsletter/commentary/current_commentary.pdf

Yes i would say it is increasing in momentum. Simple fact the recession has produce a negative impact on the financial life styles of Americans so they are very cautious as to how they spend their money, rather than spending it on products they would want this negative impact had force them to save their money instead.
Source(s):
http://www.assante.com/canada/newsletter/commentary/current_commentary.pdf

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• How will the large savings affect the US economy in the next decade?

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