O.K., o.k., the stimulus isn't sending the economy roaring back into a frenzy of consumer spending. But it is fueling the highest savings rate in America since 1993. Last month, consumer spending went up just 0.3%, even though our incomes rose 1.4%. But we socked away 6.9%. Even that figure isn't spectacular: as this cool NYTimes graph shows, 6.9% only brings us back to the average for the last 50 years. Still, that beats the credit-drunkenness of the past few years. And after this year's mess, I think we could all use a nice, slow, boring economy where people act like Grandma and Grandpa told us to: save your money, spend wisely, and don't buy what you can't afford.
National Thrift Week? Heck, let's try National Thrift Decade.
Why hasn’t the Public had a City of Sioux Falls Financial report since April? - The mayor is set to give his CIP presentation next Tuesday, yet, we really don’t have any context where the money is coming from, or what it is projected t...
5 hours ago