Difference between revisions of "Savings rate"
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Revision as of 20:39, September 1, 2007
The Savings Rate is an economic term referring to the personal savings expressed as a percentage of disposable income - the income remaining after income taxes and payroll taxes are accounted for.
Currently Americans have a Savings Rate of nearly 0, that is, they exactly what than the earn. In 2005 the U.S. Commerce Department's Bureau of Economic Analysis report showed a negative savings rate of 0.5 percent for the year. That had not happened since the Great Depression.[1]