People are cutting back on their spending and putting money aside for a rainy day.
That’s according to data from the U.S. Department of Commerce released Friday. The personal savings rate — personal savings as a percentage of disposable personal income — rose to 5.1% in March, up from 4.8% in February.
And the personal savings rate hit $1…
This article was originally published by Marketwatch.com. Read the original article here.