The Personal Savings Rate is a statistic released by the Bureau of Economic Analysis which is an indicator of how much of their money Americans are hanging on to. The amount of personal savings is determined by taking the Disposable Personal Income minus personal spending (interest payments, personal consumption expenses, and transfers). That amount is then expressed as percentage of disposable income, so a Personal Savings Rate of 4.6% means that only 4.6% of disposable income is being saved.
Personal Savings Rate
Article by Kyle
Kyle is the owner and operator of SuburbanDollar.com. He has no formal background in finance or economics which allows him to bring a lay persons view not clouded by formal teachings. You can read more about him or hit him up on twitter to learn more.
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