Thursday, 4 October 2012

Chart of the Day: U.S. Personal Savings Rate

The current personal savings rate in the U.S. is amongst the lowest ever reported other than the 2000-2008 period. And Bernanke wants households to spend more (see here)! To the contrary, the U.S. needs more saving before the economy can truly rebound (see here).

Note:
Personal saving as a percentage of disposable personal income (DPI), frequently referred to as “the personal saving rate,” is calculated as the ratio of personal saving to DPI.



 

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