BUSINESS

Savings Rate Increases: Americans Saving More In Weak Economy

03/18/2010 05:12 am 05:12:02 | Updated May 25, 2011

The recession has caused a seismic shift in the consumer culture, converting die-hard spenders into savers. A growing number of people, either smarting from a job loss or spooked by the financial crises of others, are scrambling to get out of debt, establish emergency funds, and add to their retirement and savings accounts.

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