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Americans save more but earn less as rates fall
NEW YORK, 11.20.2009
BY STEVENSON JACOBS , AP Business Writer
The U.S. is finally becoming a nation of savers. Now if only we could get something for our money.
Interest rates are sinking to near zero for the first time since last year's financial meltdown, dampening spending as Americans earn less on their bank deposits and investment accounts.
It's hardly encouraging news for an economy that sorely needs people to buy things.
Rates read full story...
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