2 ms·
> You'll tap your savings, and those will dwindle away. This chart of US contribution to household assets makes that point pretty clearly: http://motherjones.
by 100k 16y ago
> You'll tap your savings, and those will dwindle away.
This chart of US contribution to household assets makes that point pretty clearly: http://motherjones.com/kevin-drum/2011/01/chart-day-financial-assets http://motherjones.com/kevin-drum/2011/01/chart-day-financia...
There were no net withdrawals of US household assets in the 1981, 1991 or 2001 recessions. The current recession is different. Americans have withdrawn over $300 billion in savings to keep themselves afloat.