National Income and Product Accounts, Table 2.1

U.S. Bureau of Economic Analysis. (2009). National Income and Product Accounts, Table 2.1: Personal Income and Its Disposition (personal saving rate).

Type

Unclassified

Intellectual base

Unclassified

Year

2009

Link

no authoritative link yet

Cited by

1 citation across 1 artifact.

Domain-specific

• Paradox of Thrift
  • As housing and equity wealth collapsed, households across the economy simultaneously turned to precaution: the personal saving rate, which had averaged roughly 2–2.5% of disposable income in the years before the crisis, rose to a monthly peak of 7.8% in May 2009 and averaged about 5.7% across that year

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