American savings are at a 10-year low, report says
Consumer spending is up
Posted: 11:33 AM, Jan 29, 2018
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<p>People shop along Broadway in Manhattan on January 26, 2018 in New York City. The Commerce Department said on Friday that the economy grew solidly for a third straight quarter late last year on strong consumer spending and business investment. The nation's gross domestic product increased at a seasonally adjusted annual rate of 2.6%.</p>
Americans are simply not saving as much, the Commerce Department says — a sign economic growth could slow.