US Personal Savings Rate at 2.7 percent, March, 2013

[frugalman]

I would be suicidal if my personal savings rate was this low.  I think this tells us, that, on average, Americans pretty much spend what they make.

[matchewed]

Where did you pull the graph and claim from? Just out of curiousity.

[GreenGuava]

Does this savings rate include debt repayment, such as in the 50-30-20 plan, or is it strictly money put into a savings account?  Does investment allocations (such as 401(k) contributions) count as savings for this?

[arebelspy]

Where did you pull the graph and claim from? Just out of curiousity.

Looking at the image url, some site called "ZeroHedge."  I went to their homepage and found this:
http://www.zerohedge.com/news/2013-04-29/spending-services-jumps-most-ever-incomes-disappoint-savings-rate-near-five-year-low

[Honest Abe]

Zerohedge is a fun site.... Non-stop bear talk...not good if you don't like constant negativity but its good for a thrill and an alternative viewpoint.

[matchewed]

Yeah I prefer digging further. For those that are interested - http://www.bea.gov/newsreleases/national/pi/2013/pdf/pi0313.pdf the source for zerohedge.

[arebelspy]

Zerohedge is a fun site.... Non-stop bear talk...not good if you don't like constant negativity but its good for a thrill and an alternative viewpoint.

Alternative?  Seems like bear talk is much more common (on the internet) than bull...

[brewer12345]

Zerohedge is a fun site.... Non-stop bear talk...not good if you don't like constant negativity but its good for a thrill and an alternative viewpoint.

Alternative?  Seems like bear talk is much more common (on the internet) than bull...

I think "bull" makes up about 99% of the content on the interwebs, personally...

[arebelspy]

Zerohedge is a fun site.... Non-stop bear talk...not good if you don't like constant negativity but its good for a thrill and an alternative viewpoint.

Alternative?  Seems like bear talk is much more common (on the internet) than bull...

I think "bull" makes up about 99% of the content on the interwebs, personally...

Hah.  It took me a minute to see what you did there.

Well played, sir.

/nobull

[dragoncar]

It's government data and I think a lower savings rate is bullish.  It implies higher consumer confidence, and higher spending.

[Joet]

It's government data and I think a lower savings rate is bullish.  It implies higher consumer confidence, and higher spending.

agreed 100%, but I think a bit of a trailing indicator. It really shows you what consumers FELT about 6 months ago