The Institute for Supply Management (ISM) report released today bodes well for economic growth in the months ahead, but it may also hold bad news for frugal shoppers. Not only did manfacturing increase at a healthy rate for the 10th consecutive month in May, it did so expansively. According to Norbert J. Ore of the [...]
In April, the personal savings rate—the percentage of disposable income that people don’t spend—went up to 3.6%. That’s higher than it was in March (3.1%), but still far lower than many economist types were predicting this time last year. Back in early 2009, there was talk that thanks to the Great Recession Americans were embarking [...]
