Author Topic: US Personal Savings Rate at 2.7 percent, March, 2013  (Read 4469 times)

frugalman

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US Personal Savings Rate at 2.7 percent, March, 2013
« 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.


matchewed

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #1 on: April 29, 2013, 08:21:18 AM »
Where did you pull the graph and claim from? Just out of curiousity.

GreenGuava

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #2 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?

arebelspy

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #3 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
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Honest Abe

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #4 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.

matchewed

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #5 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.

arebelspy

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #6 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...
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

brewer12345

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #7 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...

arebelspy

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #8 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
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

dragoncar

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #9 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.


Joet

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Re: US Personal Savings Rate at 2.7 percent, March, 2013
« Reply #10 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