Economic Report: U.S. July savings rate falls to negative 0.6% - Retail - Industrial, Diversified - Industrial Products & Services - Economy - Bond Ma

Economic Report: U.S. July savings rate falls to negative 0.6% - Retail - Industrial, Diversified - Industrial Products & Services - Economy - Bond Market:

"Personal incomes increased 0.3% in July, while spending soared ahead by 1%. As a result, the personal savings rate tumbled to negative 0.6%, the lowest since monthly records began in 1959. Read the full report."