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Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: frugalman on April 29, 2013, 07:47:54 AM

Title: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: frugalman on April 29, 2013, 07:47:54 AM
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.

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/Personal%20Savings%20March_0.jpg)
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: matchewed on April 29, 2013, 08:21:18 AM
Where did you pull the graph and claim from? Just out of curiousity.
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: GreenGuava on April 29, 2013, 08:41:04 AM
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?
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: arebelspy on April 29, 2013, 09:19:02 AM
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
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: Honest Abe on April 29, 2013, 09:24:31 AM
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.
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: matchewed on April 29, 2013, 09:31:40 AM
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.
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: arebelspy on April 29, 2013, 09:32:16 AM
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...
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: brewer12345 on April 29, 2013, 10:07:00 AM
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...
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: arebelspy on April 29, 2013, 10:25:35 AM
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
Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: dragoncar on April 29, 2013, 11:05:04 AM
It's government data and I think a lower savings rate is bullish.  It implies higher consumer confidence, and higher spending.

Title: Re: US Personal Savings Rate at 2.7 percent, March, 2013
Post by: Joet on April 29, 2013, 11:33:24 AM
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