Mon, Oct 07, 2013 - Page 15 News List

Families hoarding cash after 2008 crisis

SAFETY:Since the crisis, families have continued to spend cautiously, pulled money out of stocks and poured money into savings that offer little in interest, analysis showed


That was about half the growth rate before the crisis and only slightly more than the annual growth in population during those years.

Consumer spending is critically important because it accounts for more than 60 percent of GDP.

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