Comments on: US Savings Rate At 15 Year High

By: Expense Management

Expense Management — Wed, 22 Jul 2009 12:51:01 +0000

I agree with you with regards to the recovery on recession. The positive attitude towards problems like this that affects our lifestyle will really help a lot. I think a lot of people are aware of their savings rate and it will definitely increase in this kind of time.

By: Bargain Babe » Best money-related blog posts from the past week

Bargain Babe » Best money-related blog posts from the past week — Mon, 06 Jul 2009 16:11:31 +0000

[...] From Broke argues that the skyrocking savings rate is a good thing. (He would love my spending [...]

By: ffb

ffb — Thu, 02 Jul 2009 21:41:38 +0000

I think some retailers will do fine. Best Buy just lost a competitor in Circuit City so the economy helps them somewhat. Others will hurt but it will pick up again as the economy recovers.

By: SPENDonLIFE

SPENDonLIFE — Thu, 02 Jul 2009 15:59:58 +0000

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By: Hiro

Hiro — Thu, 02 Jul 2009 04:56:27 +0000

It will really be interesting to see how well retailers like Bed Bath and Beyond and Best Buy will perform in the next 2 years. The more we save, the less they make.
Hiro´s last blog ..Interview: A Sculpter, Painter, Scribbler. Brendan Burke Debunks The “Investor” Image

By: ctreit

ctreit — Wed, 01 Jul 2009 18:50:19 +0000

“Some would argue that such a high savings rate actually hurts the economy.” – Only very short sighted people would argue this. In the 1970s to the mid-80s the savings rate was around 10%. A prolonged economic boom started in the early 80s which ended a good year ago. The savings rate had dropped close to zero by 2000. Economic theory also says that a high savings rate allows for high investment which in turn will lead to high economic growth. In the short run, however, an increasing savings rate hurts consumption and the economy. But I think it is time that we stop thinking about immediate gratification and focus on long-term benefits again.

By: Marketing101

Marketing101 — Wed, 01 Jul 2009 16:06:02 +0000

start saving people instead of drowning in credit card debt!

By: MLR

MLR — Wed, 01 Jul 2009 10:00:47 +0000

Abigail –

The “saving” number includes paying down debt. So, despite the higher number most American’s still probably don’t have a savings to speak of.

MLR
MLR´s last blog ..Carnival of Top PF Posts #9

By: Joe

Joe — Wed, 01 Jul 2009 08:08:35 +0000

Saving money is a good thing. I don’t know why the economy is based on spending more so than the networth of every individual.

By: Abigail

Abigail — Wed, 01 Jul 2009 06:41:20 +0000

I find it a little odd that savings are so high while credit card defaults and such remain high. Not really a good sign, I think. I wonder if people are doing strange prioritizing or if the ones doing the saving are people who are otherwise okay.
Abigail´s last blog ..Do you have to play ‘bad guy’?