Americans’ personal savings rate jumped to its highest level in six months in January, as seasonally-adjusted tax expenditures dropped, the Commerce Department’s Bureau of Economic Analysis (BEA) reported Friday.
The BEA report for January 2026 was originally scheduled for February 26, 2026, was rescheduled until Friday due to the record-long government shutdown, spanning from October into November, caused by Congressional Democrats’ refusal to approve a continuing resolution to keep the government open by maintaining previous spending levels.
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