A Decline in Personal Savings
TrustBank
DECEMBER 8, 2022
The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. From 1990-2004, US home ownership rose 7.45% to 69.2% Revolving Credit (Credit Cards & Personal Lines of Credit): While home ownership grew, revolving credit exploded.
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