Saturday, June 04, 2005

US Household Savings Rate

The US Department of Commerce Bureau of Economic Analysis reported on May 27th 2005 that the US personal savings rate was 0.4 percent of disposable personal income in April 2005.

The median US household income was $43,318 in the year 2003. Let’s assume that the median US household income for 2005 will be about $45,000. An average family will save about $180 dollars with the current 0.4% savings rate!

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