Cheery news on the savings rate
This caught my ear on the radio the other day, so I decided to read more about it.
Spending is apparently cooler than saving. Which reminds me of a person I once met who whined insufferably about barely being able to afford basic necessities as he climbed into his Ford Expedition. Things like that could have something to do with it. Of course, the increase of living costs relative to average salary fits somewhere in there too.
Savings Rate at Lowest Level Since 1933
