Gov claims average household saving last month was $2,635.81

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posted on Nov, 30 2012 @ 09:19 AM
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"DPI) increased $0.8 billion, or less than 0.1 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $20.2 billion, or 0.2 percent. In September, personal income increased $47.8 billion, or 0.4 percent, DPI increased $42.1 billion, or 0.4 percent, and PCE increased $84.0 billion, or 0.8 percent, based on revised estimates. "

"Personal saving -- DPI less personal outlays -- was $410.1 billion in October, compared with $391.3 billion in September. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 3.4 percent in October, compared with 3.3 percent in September...."

Riiiight...you betcha. Hu-huh...sure....No one in my county out here in the Outback is saving 3.3 percent that I know of. $410.1 billon FOR THE MONTH divided by 155-million workers is $2,635.81 per worker....and that's far enough from reality to get someone into a rehab program...Is a house payment savings, or something?

Good grief...

urbansurvival.com...






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