Flat illustration of a shopping bag tipping over a shrinking savings jar, showing spending outpacing saving

Your Savings Rate Just Hit a 4-Year Low: What the Latest Spending Numbers Mean for Your Budget

The numbers behind the headline The Bureau of Economic Analysis released its August income and spending report on October 1, and one line deserves your attention more than any other: the personal saving rate fell to 4.1% — the lowest since November 2022. HR Ratings put the monthly figure at 4.09%, the lowest reading since …

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