Savings Rate Drops To Decade Low – Elevated Home Prices Major Factor In Propping Consumer Confidence/Spending

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In September, Americans saved a mere 3.1 percent of their disposable personal income.  This was the lowest since three percent in December 2007.  The savings rate has trended lower since peaking at 6.3 percent in October 2015, which means it … Continued

More And More Older Americans Working Versus Sluggish Consumer Spending

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One of the hallmarks of the current U.S. recovery has been conflicting signals coming out of the job market. The unemployment rate is low – nearly cut in half from 10 percent in October 2009 to 5.1 percent in August.  … Continued