Extra Edition Chart of the Week 02 August 2014
Written by John O’Donnell, Online Trading Academy
The personal savings rate in the U.S. has varied from near zero (actually less than zero briefly during the Great Depression) to a high near 13%, with exception of spikes much higher during the two world wars. The average over the period 1900-2013 has been 8.5%. Since 1985, the exception of 1992, the savings rate has been below the 114 year average and currently is slightly below 5%.
Personal savingss are discussed in video following the Read more >> jump.
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