Comments on: U.S. Personal Savings Rate Reached 7-Year High – Chart of the Day

By: The Paradox Of Savings | The Consumer Warning Network

The Paradox Of Savings | The Consumer Warning Network — Wed, 25 Feb 2009 19:46:25 +0000

[...] mess? Yes, our savings rate went from 9% in the 1960’s to a negative .6% savings rate in 2006. In 2006, we as a nation actually spent more than we made. In simple terms, we, as a nation, were [...]

By: Kirk S.

Kirk S. — Wed, 11 Feb 2009 13:12:02 +0000

I’m not too shook up by this news. If the average savings rate in the United States is 3%, that is probably a good thing, as it will prevent more financial hardship in the future. Remember 15% is what people should be aiming for (at least I am).

By: Book Winner and Weekend Links - Feb 6, 2009 | Income Trust | Personal Finance | Real Estate SEO

Fri, 06 Feb 2009 12:30:16 +0000

[...] Sun’s Financial Diary tells us about how the U.S personal savings rate is spiking! [...]

By: Let’s keep the savings rate going up | Mighty Bargain Hunter

Let’s keep the savings rate going up | Mighty Bargain Hunter — Thu, 05 Feb 2009 05:16:58 +0000

[...] Financial Diary posted a graph on the uptick in the US national personal savings rate. It’s reached a 7-year high, [...]

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Wed, 04 Feb 2009 18:55:48 +0000

@FrugalDad And personal savings rate is up http://tinyurl.com/b89mqo , another result of being frugal

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Wed, 04 Feb 2009 10:26:13 +0000

U.S. Personal Savings Rate Reached 7-Year High – Chart of the Day: The Commerce Department yesterday released U… http://tinyurl.com/b89mqo

By: Stephen

Stephen — Wed, 04 Feb 2009 06:24:10 +0000

Yeah it’s an interesting conundrum. Consumption is 70% of the economy. Savings had been in the tank. Now the way out of this is to repeat what we were told to do from 01-03 and spend spend spend. But that’s what got us here in the first place….Fascinating.