- Compliance check results in underage citations at four Cape bars (7/19/17)1
- Isle Casino to host wide-ranging career fair Wednesday (7/16/17)
- Lying police? Missing files, lost evidence: Newspaper investigation reveals glaring details in David Robinson case (7/16/17)2
- Buffalo Wild Wings to hold fundraiser Wednesday for ailing Cape officer (7/19/17)1
- 49-year-old homicide victim found in Cape (7/20/17)
- Sikeston detective's files about murder suspect missing from DPS (7/18/17)1
- Witnesses make claims of officer corruption in Box/Robinson case (7/17/17)1
- Cape city, civic leaders unveil downtown trolley service (7/14/17)6
- Park official: 5-year-old girl nearly drowns at Cape Splash, taken to hospital (7/12/17)4
- Business notebook: Jackson boutique has regional roots in retail (7/17/17)
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.