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Where is the best place to store your cash?
The days of Americans living on borrowed money to support a lifestyle have come to an end,” says Greg McBride, a senior financial analyst at Bankrate.com. McBride expects the personal savings rate to plateau at 5% through the end of this year, up from the average 2.6% for 2008, and a marked improvement over the nadir of 0.8% in April 2008. |