A Nation of Spendthrifts? An Analysis of Trends in Personal and Gross Saving

The steep drop in the U.S. personal saving rate over the last decade has fueled speculation that Americans are spending recklessly. But alternative measures of personal saving show that households are actually setting aside a larger share of their resources than the official figures suggest. In addition, government saving has risen markedly, leading to an increase in overall domestic saving that has helped finance a surge in U.S. investment.

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1 Comment

  1. I’m not an economist and I still found this article fascinating. Though it paints a generally positive picture, it rings some alarm bells should inflation really pick up or the marke really crash. Highly recommended read.

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