Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Saving for Retirement

Personal Savings Up: Report

X
Your article was successfully shared with the contacts you provided.

The personal savings rate rose to 3.3% of income in September, from 1.3% a year earlier, government figures show.

Consumers saved $355.6 billion in September, up from $140.3 billion in September 2008, according to data from the Bureau of Economic Analysis of the U.S. Dept. of Commerce.

“Personal savings clearly continues to be a priority for the vast majority of Americans, many of whom are still concerned about the overall state of the economy and their individual financial stability,” said Cathy Weatherford, CEO and president of the Insured Retirement Institute, Washington, in a comment on the data.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.