Postcards from the Bleeding Edge
Tuesday, November 01, 2005

  Sign of the times




Personal outlays increased $169 billion (7.7 percent) in the third quarter, compared with an increase of $146.6 billion (6.8 percent) in the second
. The personal savings rate -- saving as a percentage of disposable personal income -- decreased from 0.1 percent in the second quarter to a negative 1.1 percent in the third. This means that Americans on average in the third quarter actually dipped into their already accumulated savings instead of placing more money into their accounts.
 
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David Täht writes about politics, space, copyright, the internet, audio software, operating systems and surfing.


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