Monday, June 1, 2009

we are in the it for later

The finical times has stated that personal incomes for average people have risen by .5% this is the first rise in 4 months.

a small raise I know but it's an upward tick and that's good a little bit of good news

also the saving rate for most households is now around 5.7% the highest average savings rate that we have had in 14 years.

I'm surprised that this is the percentage of average house hold saving in 14 years, since it really seems like a low number to me. But I have to say this is good news, bad news for the economy. it's good news that people are saving and planning for their futures but it's bad news because we need people spending.

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