Savings Rate Remains Elevated in December

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased to a seasonally adjusted annual rate (SAAR) of $19,568 billion in December. It was up 0.6%, after a 1.3% decline in November and a 0.7% dip in October. This increase in personal income largely came from the gains for government social benefits and… Read More ›