March 24, 2006

Savings Rates Hit 72 Year Low

According to the Daily Reckoning (March. 6th), savings rates for Americans are at a 72-year low.

Filed under Personal Finance, Economic Indicators, united states savings rate, american average savings rate, us savings rate, national savings rate, personal savings rate by EconEdge

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"You cannot bring about prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage-earner by pulling down the wage-payer."

William Boetcker
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