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> Americans have stopped saving Have they? The personal savings rate is not that much lower than it was between 2000 and ~2019 on average
by ffgjgf1 3y ago
> Americans have stopped saving
Have they? The personal savings rate is not that much lower than it was between 2000 and ~2019 on average
- trog 3y agoIt's pretty low, and I'm not sure average is the best measure here, but I can't find median to compare. I did see this a few weeks ago and thought it was interesting - excess saving rates are dropping sharply: https://twitter.com/saxena_puru/status/1747041218004156505 https://twitter.com/saxena_puru/status/1747041218004156505 There is another household debt graph that I can't find right now that is going up. I suspect the decline in savings rate is being buoyed somewhat by debt.