- Say Cheese: The story behind the famous sandwiches at the East Perry Fair (9/22/17)
- Anne Limbaugh dies, leaves legacy of caring (9/22/17)
- New boutique store advocates for special-needs people (9/19/17)
- Former football players provide leadership training at middle school (9/24/17)
- New businesses popping up all over Cape Girardeau (9/24/17)1
- Cape Girardeau native Jessica Johnston to compete as castaway on 'Survivor' season 35 (9/24/17)
- McClure man accused of leaving children in hot truck while gambling in casino (9/19/17)1
- Former major-league slugger Darryl Strawberry to speak at La Croix (9/20/17)
- Scott City officials, others oppose plan for railroad-tie treatment plant (9/25/17)5
- Young entrepreneurs add fresh ideas, unique offerings for area market (9/18/17)
May incomes surge, but savings outpace spending
WASHINGTON -- Households pushed their savings rate to the highest level in more than 15 years in May as a big boost in incomes from the government's stimulus program was devoted more to bolstering nest eggs than increased spending.
The Commerce Department says consumer spending rose 0.3 percent in May, in line with expectations. But incomes jumped 1.4 percent, the biggest gain in a year and easily outpacing the 0.3 percent gain that economists expected.
The savings rate, which was hovering near zero in early 2008, surged to 6.9 percent, the highest level since December 1993.