January 28, 2016

Chart of the Day: Falling US Personal Saving Rate

   January 28, 2016

Chart of the Day: Falling US Personal Saving Rate

It is surprising to see the saving rates drop over the last few decades in the US, given the economy has overall done well. One reason could be the historically low-interest rates not providing enough of an incentive to save. More importantly, it could just be that Americans feel their savings does not need to go up as their wealth increases, resulting in the saving rate percentage to drop.

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