Mises Daily
Author:
Frank Shostak
Online Publish Date:
According to the latest government data, the personal saving rate has eased to 4.6% in June from 6.2% in the month before. Despite the fall in the personal saving rate from May to June, the saving rate of 4.6% must be contrasted with the rate of 0.4% in June of just last year. In terms of the dollar, personal saving climbed from an annual $46