At 649, the September 2007 Nest Egg Score — released this week by A.G. Edwards (NYSE: AGE) — increased 12 points since June and is at the top of the "Fair" range. The biggest factor contributing to the Score’s increase — resulting in the highest Score since first released in March 2006 — was the savings rate.
"The personal savings rate has increased slightly in the past year as the pace of economic activity has slowed down, showing Americans are beginning to focus more on saving and investing for the future," said A.G. Edwards’ Chief Economist Gary Thayer. "In addition, we saw an increase in the value of Americans’ financial assets and a shift to a more aggressive asset allocation, which helped boost household wealth, therefore positively affecting the Score."
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