Wow, Have You Seen the Savings Rate Lately?

Check this out!  Courtesy of the Bureau of Economic Analysis, an agency of the U.S. Department of Commerce.

Chart of the U.S. Saving Rate

U.S. Saving Rate

 

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?

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