Personal savings increased to 6.9% in May – the highest it’s been in 15 years – after hovering around 0% in 2008. The increase is being credited to the whopping $10 extra that many are seeing in their weekly paycheck courtesy of the $787 billion stimulus plan. We did put $500 into savings in May, but have not had any extra this month to stash away.
Have you noticed extra in your paycheck? Have you increased your savings? Or are you going hog wild with that extra $10 a week?
What $10 per week?? I must pay closer attention to my check!