While the number of laid-off workers who filed for jobless benefits exceeded 40 million last week, 1 in 10 Americans say COVID-19 has boosted their budget, according to a new survey. CNBC reported a TD Ameritrade poll of more than 1,000 adults across the U.S. contacted between April 24 through...
Savings Rate Sets Record At 33 Percent In April
The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29). “There is a tremendous uncertainty and virus fear that is lingering and that is restraining people’s desire to go out and spend as...