The Daily Beast
Win McNamee/Getty Images Americans are putting less than half as much toward their savings as they were a year ago, as they face soaring inflation and incomes that are not keeping up with rising costs. The latest government data released on Thursday showed the personal saving rate was 2.6 percent in April. That’s dramatically down from the 5.5 percent of disposable income being put away one year ago in April 2025. At the same time, personal incomes fell in April as consumers have been feeling the squeeze. Read more at The Daily Beast.
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