Friday, January 13, 2006

Britons Saver ...Americans Spendthrifts

Perhaps it is just New Years financial resolutions but, a report out of the UK indicates that 37% of people are looking to increase their savings rate in 2006.

The survey quoted indicates that 55% of people save on average, 7.16% of their monthly income. This number is quite remarkable when compared to the personal savings rate in the United States which, according to the U.S. Department of Commerce comes in at close to -2%.
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