No. of Recommendations: 3
The graphs have been posted before: Missed it. Personal savings rate. Downtrend from 1980 to the 2008 recession. A rebound following the recession. Then resuming the downtrend since 2010. Current savings rate varying between 3% and 4%. In the 70s, the savings rate was 10%, and a lot of those people who were saving 10% also had a company paid pension plan and retiree medical, which have since been taken away.
https://www.marquetteassociates.com/trends-in-pers...Per capita household income and debt, in constant dollars, 1976 to 2009. Income growth rate pretty consistently outstripped by debt growth.
https://stats.areppim.com/stats/stats_us_household...Folks are frelled, financially.
Steve
