-
The difference, he said, was made up by dipping into savings.
FORBES: INTERVIEW: U.S. To Continue To Grow, Albeit Slowly, In Second Quarter -- Briefing Research's Rosen
-
"People are dipping into savings, " says Richardson.
CNN: THE LONG, HARD CLIMB BACK UP
-
And many families also keep a sizable amount of money in their savings account or continue to put money into their 401(k)s, while still carrying thousands of dollars in credit-card debt--even though dipping into savings and paying off their credit-card bills would guarantee them an immediate return on investment of 15% or 18%.
FORBES: Bitter Money And Christmas Clubs
-
Consumer confidence is down, though spending is surprisingly better than expected (dipping into meager savings?).
FORBES: America In Paralysis & False Optimism
-
They cannot afford to watch another month of unpaid bills pile up, another semester of tuition slip out of reach, another month where instead of saving for retirement, they're dipping into their savings just to get by.
FORBES: Text Of Obama's Economic Team Announcement