Consumers boost savings rate to highest level in 3 years

February 1, 2016 1:31 PM

175 0

WASHINGTON - U.S. consumers kept their spending flat in December and instead boosted their savings rate to the highest level in three years.

The Commerce Department says consumer spending was unchanged in December after rising 0.5% in November. Incomes increased 0.3%, matching the November gain.

Also read: China Growth Holds at 6.7%, Backed by Government and Consumers

Read more

To category page