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Americans Spend More Than They Earn For 9th Straight Month As Savings Rate Tumbles To 2015 Lows

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Zero Hedge
January 30, 2017

Personal income growth disappointed in December, rising a less-than-expected 0.3% MoM. Of course, that did not stop Americans from spending as personal consumption rose 0.5% MoM in December. This is the 9th month in a row of higher annual spending growth than income growth…

 

Which sends the savings rate to just 5.4% – the lowest since March 2015.

Sustainable?

This article was posted: Monday, January 30, 2017 at 9:10 am





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