San Fran Fed sees silver lining in low saving rate

US - Americans are still not able to squirrel away huge chunks of cash for a rainy day, but we might not have to, a report released Monday by the Federal Reserve Bank of San Francisco suggested. And this may be especially true in the Bay Area.

The national savings rate was about 1.8 percent of disposable income in January, an improvement from the rate of 0.6 percent in December and up from the 0.9 percent savings rate in January 2001. But all of these numbers are a far cry from the 8 percent a

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