After rebounding slightly. Personal savings rate has collapsed again.

Mar 28, 2024
6:00:29pm

rad dawg All-American

It's now sitting at 3.8%. Well below pre COVID levels that were already abysmal.

We have a spending problem or an inflation problem. I submit that we have both and I don't know what that entails but I'm guessing it's not great.

Stlouisfed

Personal Saving Rate

Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Jan 2024 about savings, personal, rate, and USA.

https://fred.stlouisfed.org/series/PSAVERT

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rad dawg

Bio page: rad dawg
Joined: Nov 7, 2010
Last login: Apr 27, 2024
Total posts: 12,625 (47 FO)

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Messages

Author

Time

After rebounding slightly. Personal savings rate has collapsed again.

rad dawg

Mar 28, 6:00pm

I have some hope; some people are spending less on frivolous things.

lilpenny

Mar 28, 6:06pm

Uh, Wendy's and Taco Bell is also trash. Or was your point that you want

Cougar Junkie

Mar 28, 7:38pm

can someone explain what all goes into this... I read the description and

Ezy

Mar 28, 6:14pm

Nearly 4% have taken a hardship withdrawal from their retirement as well

Longseason

Mar 28, 6:17pm

Rational response to inflation. Don't save. Buy an asset.

charles

Mar 28, 7:48pm

RE: After rebounding slightly. Personal savings rate has collapsed again.

futbalmaven

Mar 28, 8:16pm

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