Americans Are Saving More Money

MSN Money: All it took was a financial crisis followed by a recession to get Americans to start pocketing their cash. Americans are saving more money now than at any time since February 1995, The Wall Street Journal reports. According to the Commerce Department, personal saving rose to 5.7% of after-tax income in April. That’s

Americans Are Saving More Money Read More »


SF Weekly: Funemployment. Paycation. The Unemploymentality. Every generation has an argot to describe the confusing terrain of joblessness – the dole, deadbeat dads, UB40, and so on – and the lexicon of younger casualties in the most severe American economic downturn since World War II speaks volumes. Here’s how the blog Recessionwire defines “funemployment”: “A

Funemployment Read More »

GDP Hints Recession Is Moderating

Reuters: The U.S. economy shrank slightly less in the first quarter than initially estimated, while corporate profits rebounded, according to government data on Friday that pointed to moderation in the recession. Perceptions that the worst of the 17-month-old downturn was over pushed consumer confidence to its highest in eight months in May, and a report

GDP Hints Recession Is Moderating Read More »