Saving, Budgets Gain Appeal: More People Become Frugal in Turbulent Economic Times

As Americans climb out of the recession, a growing number of them are leaving behind their free-spending ways.The savings rate has risen from near 1 percent at the end of 2008 to about 5 percent near the end of 2009, according to the federal Bureau of Economic Analysis, with this new frugality brought on in large part by losing the wealth many Americans thought was in their homes …

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