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Articles - February - 2009 Issue

Reality Returns to Bookselling

- by Bruce E. McKinney

Personal savings as a percentage of disposable income.

Personal savings as a percentage of disposable income.


Note 2

Personal Saving as a Percentage of Disposable Income (1970-2005). Click the thumbnail image above left to view this chart.

Personal savings as a percentage of disposable income has been declining since the early 1990s as families substituted increasing asset values for savings. With the plunge in real estate we will probably return to more traditional savings rates in the 8 to 10% range as a percentage of disposable income. For several years consumers will spend little - thus insuring that economic recovery will be slow.

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  • <b><center>Sotheby's<br>Fine Books, Manuscripts & More<br>Available for Immediate Purchase</center></b> <b>Sotheby’s:</b> Ian Fleming. <i>Casino Royale,</i> London, 1953. First edition, first printing. $58,610. <b>Sotheby’s:</b> A.A. Milne, Ernest Howard Shepard. <i>Winnie The Pooh,</i> United Kingdom, 1926. First UK edition. $17,580. <b>Sotheby’s:</b> Ernest Hemingway. <i>Three Stories And Ten Poems,</i> [Paris], (1923). First edition of Hemingway’s first published book. $75,000. <b><center>Sotheby's<br>Fine Books, Manuscripts & More<br>Available for Immediate Purchase</center></b> <b>Sotheby’s:</b> L. Frank Baum. <i>The Wonderful Wizard of Oz,</i> Chicago, 1900. First edition. $27,500. <b>Sotheby’s:</b> Man Ray. <i>Photographs By Man Ray 1920 Paris 1934,</i> Hartford, 1934. $7,860. <b>Sotheby’s:</b> Thomas Pennant. <i>Zoologia Britannica,</i> Augsburg, 1771. $49,125.
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: Ian Fleming. Casino Royale, London, 1953. First edition, first printing. $58,610.
    Sotheby’s: A.A. Milne, Ernest Howard Shepard. Winnie The Pooh, United Kingdom, 1926. First UK edition. $17,580.
    Sotheby’s: Ernest Hemingway. Three Stories And Ten Poems, [Paris], (1923). First edition of Hemingway’s first published book. $75,000.
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: L. Frank Baum. The Wonderful Wizard of Oz, Chicago, 1900. First edition. $27,500.
    Sotheby’s: Man Ray. Photographs By Man Ray 1920 Paris 1934, Hartford, 1934. $7,860.
    Sotheby’s: Thomas Pennant. Zoologia Britannica, Augsburg, 1771. $49,125.

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