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Savings Are Good, but May Slow Recovery.

Authors :
Gongloff, Mark
Source :
Wall Street Journal - Eastern Edition. 8/4/2009, Vol. 254 Issue 29, pC1-C1. 1/3p. 1 Graph.
Publication Year :
2009

Abstract

The article discusses personal savings in the U.S. Although government figures are expected to show savings declined during June, 2009, low levels of household net worth relative to disposable income suggest savings will increase in the long term. Greater savings can serve to lower both interest rates and gross domestic product.

Details

Language :
English
ISSN :
00999660
Volume :
254
Issue :
29
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
43520800