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    Poll

    Your Piggy Bank Is Happy: Savings Rate At 14-Year High

    By Meg Marco, 10:59 AM on Mon Mar 2 2009, 6,055 views

    Americans took their cost of living raises and stuck them in their piggy banks, says the Commerce Department, pushing the savings rate to a 14-year high. Not long ago we had a savings rate of 0.1% — now it has skyrocketed to 5%.

    From the 1950s to the 1980s consumers saved about 9% of their income, says MarketWatch. Are we headed back to those levels?

    Are you saving more? If so, why?

    Savings rate rises to 14-year high in January [MarketWatch]
    (Photo:yoshiffles)

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