{"id":5165,"date":"2015-02-02T06:58:59","date_gmt":"2015-02-02T11:58:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5165"},"modified":"2015-02-02T06:58:59","modified_gmt":"2015-02-02T11:58:59","slug":"peak-debt-at-work-savings-at-the-pump-are-staying-in-consumer-wallets","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5165","title":{"rendered":"\u2018Peak Debt\u2019 At Work: Savings at the Pump Are Staying in Consumer Wallets"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/peak-debt-at-work-savings-at-the-pump-are-staying-in-consumer-wallets\/\" target=\"_blank\">\u2018Peak Debt\u2019 At Work: Savings at the Pump Are Staying in Consumer Wallets<\/a><\/h3>\n<div><\/div>\n<p>Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers\u2019 persistent caution even when presented with an unexpected windfall.<\/p>\n<p>This newfound commitment to frugality was illustrated this past week when the nation\u2019s biggest payment-card companies said they aren\u2019t seeing evidence consumers are putting their gasoline savings toward discretionary items like travel, home renovations and electronics.<\/p>\n<p>Instead, people are more often putting the money aside for a rainy day or using it to pay down debt. That more Americans are saving their bounty at the pump comes as a surprise, because the personal savings rate, after rising during and after the recession, has declined steadily over the past two years.<\/p>\n<p>\u201cWe haven\u2019t seen the extra savings from lower gas prices translate into additional discretionary consumer spending,\u201d said Ajay Banga , chief executive of MasterCard Inc., on a conference call Friday to discuss quarterly earnings.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Peak Debt\u2019 At Work: Savings at the Pump Are Staying in Consumer Wallets Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers\u2019 persistent caution even when presented with an unexpected windfall. This newfound commitment to frugality was illustrated this past week when the nation\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1185,195,3130,3129,1775,3128],"class_list":["post-5165","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumers","tag-debt","tag-debt-payment","tag-gasoline-price-collapse","tag-oil-price-collapse","tag-peak-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5165"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5165\/revisions"}],"predecessor-version":[{"id":5166,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5165\/revisions\/5166"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}