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US consumers really aren't so bad. Savings rates have been inching up ever since bottoming out around 2005. https://tradingeconomics.com/united-states/persona
by nostromo 7y ago
US consumers really aren't so bad.
Savings rates have been inching up ever since bottoming out around 2005.
https://tradingeconomics.com/united-states/personal-savings https://tradingeconomics.com/united-states/personal-savings
- jhwang5 7y agoNow try 1) plotting that against household debt, 2) and against other countries.
- vonmoltke 7y agoHousehold savings (latest): https://data.oecd.org/chart/5VU5 https://data.oecd.org/chart/5VU5 Household debt (latest): https://data.oecd.org/chart/5VU6 https://data.oecd.org/chart/5VU6 You can play with the charts to plot trends for as long as the OECD have data for each value. The position of the US isn't great, but it isn't terrible either.
- jhwang5 7y agoThese are aggregate metrics - in a country like the US that's in top 5 in terms of income gini-coefficient, I suspect medians will paint a very different picture.