ADVISORY/U.S. Savings Rate Hits 60-Year Low.ADVISORY... --(BUSINESS WIRE)--Nov. 2, 1998-- TOPIC: The U.S. consumers' savings rate Savings rate Personal savings as a percentage of disposable personal income. dropped to a negative level in September, the Commerce Department announced Monday. The drop is due to consumers spending more despite a minor increase in income. The savings rate registered at -0.2 percent and is the first negative level since 1938, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. department officials. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Matthew Feldman Matthew Feldman was an American Democratic Party politician, who served in the New Jersey State Senator, as Mayor of Teaneck, New Jersey and onetime candidate for Governor of New Jersey. is founder, managing director and manager of Learning Insights and is an expert in banking. Douglas T. Davidoff is director of marketing and public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. at the Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). Housing Finance Authority and is an expert in banking and finance. Brian J. Gibbs is a professor of managment at Stanford University's School of Business and studies consumer behavior. Abbas Alnasrawi is a professor of economics at the University of Vermont Vermont (vərmŏnt`) [Fr.,=green mountain], New England state of the NE United States. It is bordered by New Hampshire, across the Connecticut R. and focuses on money and banking. -0- ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. Journalists seeking to interview any of these experts can obtain contact information by visiting the ExpertSource website: http://www.businesswire.com/expertsource. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at the above web address. Business Wire's Virtual Press Club provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com) for more information. |
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