A news report on TV last night reported that the American saving rate is -1%(minus 1%), meaning savings are decreasing. This is the lowest rate since the Great Depression. Does this mean the great economy is living on borrowed time?
Also, I do not know what constitutes "savings". Any comments?

I posted this in another thread, but at the risk of repeating myself here goes. I saw the same or a simular report. It did not take into account, Social Security, 401K's or homeownership. I think this means people are investing, rather than saving. Of course, the report and after statements also did not take into account that more people are living on credit, I.E money owed on home loans, credit cards.

i think the government should implement a living saving minimum..... it's only fare that the poor people have there saving atleast on par....

Business will hold a portion of the employes paycheck in a secured escrow acount....

what do you think the people need there living savings accounts

Gix-this is a very good arguement, however, after we subtract all the living expenses, people are already in the hole. What meal do expect them to skip?

people are in the hole because they are spending there money on shit they dont need............ Hold the money before they can spend it on useless crap and you wont have this problem.....

Last numbers I heard was that Japan has a +26% savings rate. No wonder they are kicking our ass.

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How soon do we get our rebates, free health care, lower taxes, better schools, and cheap energy?

I think that saving money is the right thing to do, but I will not keep much money in a low intrest earning account when I can put a higher precentage of my salary into a 401K. For me it is a better investment.

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An informed voter scares the Goverment lackeys.

An American first and always a Conservative.

401 k is good especially if your employer matches...... but we need the little guy to have a living savings acount.............. We need to get these folks the dignity of knowing they have some money saved up

Gix, scarcasim again? The little guy is having a tough time just making ends meet.

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An informed voter scares the Goverment lackeys.

An American first and always a Conservative.

hey the big guys dont have that easy either....