Real estate blog entries tagged with personal savings by Robert Ashby Photography

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Home : Blogs : Robert D. Ashby : Florida's #1 Mortgage Planner - Managing Equity and Debt Strategically™ : Tag "personal savings"

personal savings: Were Americans Really Saving Less Last Year? - 07/31/07 11:42 AM

You may have missed the report that came out this morning and do not realize there was a revision to last year's analysis. The Bureau of Economic Analysis (BEA), which gives out accounts of personal savings rates, made several upward revision's in the personal savings rates for 2004, 2005 and 2006.
In 2004, the revisions were not as dramatic as for 2005 and 2006, but were good to see nonetheless. 2004's revision showed a slight change in the savings rate to 2.1%, up from 2.0%. More impressively, 2005's revision to the personal savings rate rose from negative .4% up to .5%. However, the … (2 comments)

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