Monday, October 20, 2008

Turmoil May Make Americans Savers, Worsening `Nasty' Recession

(Bloomberg) The U.S. may be on its way to becoming a nation of savers, whether Americans like it or not.

With home and stock prices declining and credit hard to come by, consumers who have fallen out of the savings habit are being forced to curb borrowing and rein in spending.

Read the entire article

No comments: