NO SPLURGE

Americans aren’t spending their savings from the gas pump

The fall in oil prices has been good for Americans’ wallets—and they’re socking a lot of it away.

The Bureau of Economic Analysis just published its monthly report on personal income, and spending money saw its biggest monthly jump in a while:

Personal-income-measures-monthly-change-Disposable-income-Expenditures_chartbuilder

But expenditures have fallen for the second month in a row. The savings rate is at its highest since the Fiscal Cliff ordeal back in 2012.

Saving-rate-as-a-percentage-of-disposable-income-Data_chartbuilder
home our picks popular latest obsessions search