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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (34541)2/2/1998 9:13:00 AM
From: j g cordes  Read Replies (1) of 58727
 
Lowest savings rate since 1939?

"For the year, incomes rose 5.8 percent, a bit faster than
spending, which increased 5.4 percent. But tax and fee
payments to government shot up 11.4 percent. So disposable,
or after tax, income rose just 5 percent, somewhat slower than
spending.

To make up the difference, Americans saved less -- just 3.8
percent of disposable income, down from 4.3 percent in 1996.
That represented the lowest savings rate since 1939."
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