EastValleyTribune.com reported that the U.S. Commerce Department reported the "saving rate for all of 2006 was a
negative 1 percent. The 2006 figure was lower than a
negative 0.4 percentin 2005 and was the poorest showing since a
negative 1.5 percentsaving rate in 1933 during the Great Depression."
The saving rate has been negative for 21 consecutive months.
BEA.gov:: Personal Saving Rate Graph
- Personal Saving Rate--Lowest Since Great Depression [8 February 2006]
Creator: Gerald D. Thurman
Created: 01 February 2007