Americans are saving more despite extremely low interest rates. Imagine, the interest consumers earned on their savings account averaged 0.80% in October, vs. 3.38% in October 2007. But as Bloomberg BusinessWeek reports, over the same three year time period deposits at banks and credit unions have increased by $1 trillion, to $7.74 trillion, an all-time high.
The first stage of the tax deal between the Administration and Congressional Republicans is done.
David Leonhardt of the New York Times has a good “what does it all mean” article. It’s Fiscal Stimulus Two. It looks like a real compromise, which means many unhappy folks on Capital Hill.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.