Stimulus Boosts Americans' Incomes

Consumers tuck funds away: Savings rate hits 16-year high

By Kevin Spak, Newser Staff

Posted Jun 26, 2009 2:11 PM CDT

(Newser) – Incomes in the US got a big boost from federal stimulus dollars in May, the Commerce Department reported today. But weary consumers stashed most of that lucre away, sending the savings rate to a 16-year high. “Households are reverting to a more sustainable spending... Read full story »

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US • Money • Politics

income • consumer spending • savings • economic stimulus package • consumers • household income

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Stimulus Boosts Americans' Incomes

Consumers tuck funds away: Savings rate hits 16-year high

income • consumer spending • savings • economic stimulus package • consumers • household income

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More Newser Stories

Consumer Spending Rises in Jan.

But experts don't expect boost to last

Stimulus' Boost Seen; How Long It Lasts Unsure

Economists debate impact, as inflation outpaces wage growth

Personal Spending Slows to a Crawl in February

Inflation cooling, but consumer confidence is down

Consumer Spending Up... Thanks to Gas Prices

Personal income up 0.3%, but inflation hits hard

Once Again, We're Spending More, Saving Less

Spending rose twice as much as income in March

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