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New Re: Our national savings rate is now negative
Thanks, Lincoln, for posting this. I noticed that our savings rate (in the USA) went negative several months ago and hasn't really gone positive since then.

Here's some government data:

[link|http://www.bea.gov/bea/dn/nipaweb/Nipa-Frb.asp|http://www.bea.gov/b...aweb/Nipa-Frb.asp]

I really don't know what will cause people to start thinking about savings again when personal consumer debt is so high (credit cards, etc). Time will tell, one way or the other.
New That's OK, the people that can save are doing great!
Thus, it's a booming economy, and the Neocons have done their jobs.

[image|/forums/images/warning.png|0|This is sarcasm...]

Imric's Tips for Living
  • Paranoia Is a Survival Trait
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  • Even though everyone is out to get you, it doesn't matter unless you let them win.


Nothing is as simple as it seems in the beginning,
As hopeless as it seems in the middle,
Or as finished as it seems in the end.
 
 
     Our national savings rate is now negative - (lincoln) - (7)
         Our economics is a train wreck in slow motion - (ben_tilly)
         Why are people paying more for healthcare now? -NT - (warmachine) - (3)
             malpractice insurance -NT - (imqwerky) - (1)
                 You've been listening to physicians. - (mmoffitt)
             Companies have cut back on benefits. -NT - (ben_tilly)
         Re: Our national savings rate is now negative - (dmcarls) - (1)
             That's OK, the people that can save are doing great! - (imric)

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