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The '''Savings Rate''' is an economic term referring to the personal savings expressed as a percentage of disposable [[income]] - the income remaining after [[income tax|income taxes]] and payroll taxes are accounted for.
The '''Savings Rate''' is an economic term referring to the personal savings expressed as a percentage of disposable [[income]] - the income remaining after [[income tax|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]].<ref>http://www.bea.gov/briefrm/saving.htm</ref>
Currently Americans have a Savings Rate of nearly 0, that is, they exactly what than the earn.<ref>http://www.bea.gov/briefrm/saving.htm</ref> 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]].
==See Also==
==See Also==
*[[Paradox of thrift]]
*[[Paradox of thrift]]
==References==
{{reflist}}
[[Category:Economics]]
[[Category:Economics]]