Look at that! Americans are saving! And, not the saving that happens at the bottom of a receipt when you buy 10 items for $10 – real saving!
So, when reporters were breathless with terror at low savings rates and scolding us to save more, all we needed was a big, nasty recession to jump-start the savings rate. We’ve found the cure: I bet a depression would really get people saving! (My tongue is in my cheek, people.)
What do you think about the increase in saving rate?