Hurricane repairs and insurance payments lift both personal spending and income; prices in check. This sounds like temporary relief to me. In fact, it’s not all good news. The saving rate is still negative at -0.4 percent. So while the move was in a good direction, we’re still spending more than we’re saving.
I’ve tried that (back in my days of reckless abandonment — which were neither reckless nor abandoned). It doesn’t work.
Updated July 16, 2010 and originally published October 31, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
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The feds are increasing rates, according to and AM station news I listen to in my area, this is a definate they said. That should slow the housing maket even further. On the good news side, although the last statement may be good news for some, incomes and jobs have been reported as increased. Unfortunately I fall into the -0.4 percent savings rate – it’s tuff. Especially with the gas prices what they are and winter coming (yes, the oil burner blues but there’ll be no switching to gas).