A Decline in Personal Savings
TrustBank
DECEMBER 8, 2022
The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. in October. From 1990-2004, US home ownership rose 7.45% to 69.2%
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